What German Corporates Think About The Reform Package

Deutsche Bank reports that German business associations broadly support the government's recent structural reform package, identifying key improvements in red tape and digitalization. However, they urge further action on labor costs, taxes, and working-hour flexibility to ensure long-term competitiveness.

Key Takeaways

• 1.German business associations view the government's reform package as a positive signal for growth, with 70% of analyzed sentiment being favorable.
• 2.Key drivers of positive sentiment include reductions in red tape, digitalization efforts, and pension reform.
• 3.Significant criticisms remain regarding high social security contributions, corporate taxation, and the lack of flexibility in working hours.

Table of Contents

• What German corporates think about the reform package
• Annex
• Appendix 1
• Important Disclosures
• Analyst Certification
• Additional Information

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