Economic reforms needed to foster Mittelstand investment, German banks group head says

WASHINGTON, Oct 16 (Reuters) – Germany’s Mittelstand could invest much more but is hesitating because reforms to strengthen the country as a business location are still lacking, the president of the German Savings Banks Association (DSGV) told Reuters.
German Chancellor Friedrich Merz took office in May promising to revive stagnant growth following two years of economic contraction.
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While it was clear that Merz’s promised rise in public spending would take time to benefit the economy, there is a growing sense that the promised reforms are slower and less far-reaching than initially expected.