25.09.2025 - "The situation of the German economy remains critical. The joint assessment expects only 'modest' growth for the coming year. A strong recovery is not expected. Not only the uncertainties arising from US tariff policy but also the government's previously half-hearted reform measures are causing incomprehension and dampening companies' investment readiness.

Companies expect the government to finally commit to a clear and long-term economic policy course that promptly initiates tangible relief on taxes, energy costs, and bureaucracy. An initial corporate tax reform starting in 2028, electricity cost relief only for specific industries, and marginal changes to the supply chain law are far from sufficient. The economy needs a relief package that truly lives up to its name.

The policy of the coming weeks will significantly determine whether companies believe in a future at the German location and invest here again. Of the 900 billion euros of annual investments, approximately 85 percent originate from the private sector - hence the trust of companies is indispensable for growth. The current discussions about higher taxes, such as inheritance tax, are poison. They fuel additional uncertainty and foster the loss of trust in the location. The consensus within the coalition on a clear economic policy course must not be overshadowed by redistribution debates. Before redistribution, it must be about creating growth, about investments, and—after three years of recession and stagnation—about positive growth rates. Improving location conditions has absolute priority. Germany faces the risk of companies relocating to more attractive locations. Insolvency cases are already as high as they haven't been in ten years."