The traffic light coalition has significantly reduced its growth forecast for this year from 1.3 percent to just 0.2 percent. “We are emerging from the crisis more slowly than hoped,” said Economics Minister Robert Habeck in Berlin.
The biggest challenge for Germany is the labor shortage, according to Green Party politician Habecks. A growth package that has already been approved by the Bundestag is in danger of failing due to resistance from the Union. The Mediation Committee of the Federal Council and BundestAG will meet on Wednesday evening.