Scholz Optimistic on German Economy, Citing Inflation and Jobs.

German Chancellor Olaf Scholz is optimistic about the German economy, citing factors such as record employment and slowing inflation due to falling energy costs. He also mentioned potential interest-rate cuts by the European Central Bank, an increase in the benchmark DAX Index, and rising confidence among German businesses and consumers. Despite inflation and a temporary decline in production, Scholz emphasized that the real gross value added in the industry has remained stable. The German economy likely avoided a winter recession, and upcoming data is expected to support this narrative. However, Scholz's Social Democrats have seen a decline in electoral support. The ruling coalition is working to win back voters, with plans to extend the power price brake scheme and potentially include more tax incentives for research and development in the next growth package. [Extracted from the article]

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