Germany has been grappling with economic struggles for over two years, with predictions pointing towards a recession in 2025. The recent general election resulted in Chancellor Olaf Scholz's dismissal and Friedrich Merz of the Christian Democratic Union (CDU) poised to lead. Merz's coalition emerged with 28.5% of the vote, while Scholz's party secured only 16.4%. Businesses expressed relief at the outcome, prioritizing political stability to implement essential reforms, although some experts fear stagnation may persist despite the new government's formation.
Given the enormous challenges, it is good for Germany as a business location that the CDU and SPD have, albeit by a slim margin, a majority.
In a grim economic landscape, the outgoing Chancellor Olaf Scholz became the most unpopular head of a German government in 27 years.
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