LOGO
LOGO

Slide Shows

German Economy Expands For 10th Year, Logs Yet Another Budget Surplus

Fiscal Surplus Again
Fiscal Surplus Again

Germany's general government account logged a surplus for the eighth time in a row in 2019. The budget surplus, however, fell to EUR 49.8 billion or 1.5 percent of GDP from EUR 62.4 billion or 1.9 percent in 2018.

Ruling out the need for a short term surplus, ING economist Carsten Brzeski said the fiscal surplus should be used to step up investment efforts in the well-known sectors: digitalisation, green deal, infrastructure and education.

“The new fiscal surplus, combined with changing views in the coalition parties, confirms our view that the German economy could see more fiscal stimulus than most observers expect this year and beyond,” the economist added.