The finance minister's acknowledgment of Germany's weak economic growth

According to the report of Tasnim International News Agency, quoted by “Suddeutsche Zeitung” newspaper, Christian Lindner, the leader of the Liberal Democratic Party and Minister of Finance of Germany, pledged that his party and his country would achieve an “economic revolution”.

Compared to the international level, Germany is experiencing weak growth, which has implications for security and social cohesion, Lindner said at the Federal Liberal Democratic Party conference in Berlin. “We have the brains, we have the know-how, we have the capital, but our country often gets in its own way,” the federal finance minister said. He also said: But “economic rotation” towards more growth is not a goal in itself.

Referring to the war of “Vladimir Putin”, the president of Russia, against Ukraine, he said: “We need an economic turnaround because economic power is also an important factor in geopolitics.”

He added: “Putin's goal is to exercise power over us, and he should never succeed.” But to have the tools to fight it, economic growth is necessary. The same applies to social cohesion.

The German official said: “If you want to improve yourself in a stagnant society, you have to take something from someone else.” So, this holds true: “Economic transformation is the best legitimate way to promote democracy that you can have.

In another part of his speech, he assured Ukraine for more help from Germany in defending Russia. “We support Ukraine because it is our first line of defense against Putin,” Lindner said.

He claimed that the Russian president attacked Ukraine – “but his target is all of us and our way of life.” Linder said: What is necessary is to improve our ability to defend the country and unity. The 100 billion Bundeswehr special fund will run out in a few years, then the armed forces will have to be trained using regular resources. This will not be achieved with new debts.

Germany's economic situation is not good, this country has faced many problems to adjust the future budget.

German inflation increased in April

Inflation in Germany is expected to rise for the first time in April this year due to higher energy prices. Economists at a dozen banks polled by Reuters forecast that consumer prices would be 2.3 percent higher on average than a year earlier.

In March, the inflation rate had fallen to 2.2 percent, the lowest level in nearly three years. This rate was 2.5% in February and 2.9% in January. Germany's Federal Statistics Office is also expected to release a preliminary estimate for next month on Monday.

“Sebastian Becker”, the economist of Deutsche Bank, said about this: The expected increase in inflation is mainly due to the increase in energy prices. One reason for this is the gas and district heating value-added tax, which rose again to 19% on April 1 – it was temporarily reduced to seven% during the energy crisis as a result of Russia's war against Ukraine. A return to the old tax rate results in a special effect. Helaba analysts calculated: “These conditions correspond to a price increase of about eleven percent.

As a result of the increase in oil prices, fuel has become significantly more expensive in Germany. Due to the tensions in the Middle East, oil has become significantly more expensive in the world markets in recent weeks. North Sea Brent crude currently costs less than $90 per barrel, while it was around $76 at the beginning of the year.

The German federal government expects the average inflation rate to be around 2.4 percent this year. It is expected to decrease to 1.8% next year. In 2023, this figure was still 5.9 percent. The purchasing power of citizens is increasing, said Robert Haubeck, the Federal Minister of Economy of Germany, when presenting the spring forecasts. People have more money in their wallets again.

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