German Chancellor Friedrich Merz Reaffirms Strict Fiscal Discipline and Protection of Triple-A Credit Rating Amid Upgraded Growth Forecasts
German Chancellor Friedrich Merz has unmisservingly made clear during budget consultations in Berlin that the federal government will adhere to the strict constitutional debt brake and defend Germany's status as the sole major advanced economy maintaining a pristine top credit rating. Simultaneously, newly updated economic forecasts projecting moderate gross domestic product growth of around one point three percent underscore the gradual stabilization of the German economy following years of stagnant capital investments.