Merz Says Tackling Germany’s Economic Woes Tougher Than Expected

In a recent statement, German Chancellor Friedrich Merz acknowledged that addressing the country's economic difficulties has been more challenging than he initially anticipated. Merz, who took office in 2023, is facing a complex set of economic issues, including high inflation, supply chain disruptions, and lingering effects of the COVID-19 pandemic. Despite the government's efforts to implement various policy measures, Merz conceded that the road to economic recovery has been steeper than expected. He emphasized the need for a comprehensive and coordinated approach to address the multifaceted economic challenges facing Germany. The chancellor stressed the importance of continued government support, collaboration with industry, and the implementation of long-term strategies to ensure the country's economic resilience and prosperity. As Merz navigates these economic headwinds, he has acknowledged the significant work that lies ahead to steer Germany towards a more stable and prosperous economic future.