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Companies pledge to invest more than $700 billion in Germany over the next 3 years
GERMANY, JUL 21 – More than 60 leading companies plan €631 billion in investments to modernize infrastructure and boost growth amid Germany's three-year economic stagnation, officials said.
- On Monday, the Made for Germany initiative was formally presented to German Chancellor Friedrich Merz and Finance Minister Lars Klingbeil, backed by a pledge from dozens of companies to invest €631 billion.
- Since taking office May 6, Chancellor Friedrich Merz’s coalition inherited an economy that has shrunk for two years and is expected to stagnate this year after heavy tolls from the COVID-19 pandemic, the war in Ukraine and inflation.
- Data shows the initiative's funding spans multiple categories, and parliament authorized €500 billion for a special infrastructure and climate fund, with Sewing calling it `just the beginning`.
- In immediate response, leading figures expressed mixed reactions, with Merz calling the investments a powerful signal, declaring `Germany is back`, while Fuest welcomed the initiative yet cautioned about its uncertain long-term impact.
- Looking ahead, Germany’s growth rate is expected to stabilize above 2 percent, Deutsche Bank CEO Christian Sewing said, highlighting that boosting private-sector investment is critical to ending years of stagnation.
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44 Articles
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The largest German companies, gathered in an initiative called "Made in Germany", announced on Monday 21 July a 100 billion euro investment plan, under the watchful eye...
A large group of companies plans to invest 631 billion euros in Germany over the next few years. At a special edition of the World Economic Summit, the CEOs declare that they are doing so in advance, but expect comprehensive reforms from the government.
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