Daily Tax Report: International

Scholz Pushes Back Against Calls for German Fiscal Stimulus

Oct. 18, 2019, 12:00 PM

German Finance Minister Olaf Scholz says the country’s economic situation doesn’t require a rushed fiscal response, arguing that growth momentum is expected to revive toward the end of the year.

  • If warranted in the future, the government is able to react. He also expressed confidence that EU and U.S. will be able to reach a trade deal, telling reporters in Washington “I believe it’ll work.”
  • Uncertainty due to big trade tensions is one reason for economic weakness, he said. Success in China-U.S. talks would deliver an “immediate boost” to the economy and an agreement “should definitely put sought.”
  • The Brexit...
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