- German industry stuck in recession, no signs of bottoming out – BDI industry association
Market news
16 January 2020
German industry stuck in recession, no signs of bottoming out – BDI industry association
According to Germany's BDI industry association, German economic growth is seen at 0.5% in 2020, helped mainly by a higher number of working days, while calendar-adjusted is projected at 0.1%.
Meanwhile, BDI's President Kempf called on the German government to implement a massive investment programme in infrastructure over the next 10 years to boost GDP growth. Kempf said the German government must cut corporate taxes to push down overall burden to below 25% from 31% currently.
Berlin should also massively hike public investment in infrastructure over next 10 years to boost growth, he added.
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