Germany proposes to bring forward stimulus spending of €26 billion to boost economy - report

Author: Justin Low | Category: News

Der Spiegel reports, citing a video call between senior government officials

Germany
The report says that the government plans to bring forward stimulus spending worth €16 billion for a total of €26 billion. This compares with the previous plan to speed up only €10 billion in investment in digital, security and defense projects.

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This is part of the German stimulus package that is being rolled out to address the economic fallout from the virus crisis and will be a welcome boost if it does materialise.

On the flip side, it also could mean that the economic recovery isn't quite as robust as one would anticipate it to be - hence, the need to bring forward extra stimulus.

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