Scholz expressed optimism about the prospects of the German economy

German Chancellor Olaf Scholz is optimistic about Germany's economic prospects, citing record employment and slowing inflation due to falling energy prices.

This is reported by Bloomberg.

Speaking at the opening of a major trade fair in Hanover, he said that since the beginning of the year, production in energy-dependent industries has increased significantly, both in industry and in general.

"First of all, and in my opinion, perhaps most importantly, real gross value added in the industry remains stable despite inflation and a temporary decline in production," Scholz said.

The Chancellor added that the contribution of German industry to "growth, prosperity and employment" remains unchanged.

Last week, the Bundesbank acknowledged that the German economy - the largest in Europe - probably avoided a winter recession thanks to a rebound in manufacturing, rising exports, and a surge in construction earlier in the year.

Author - Olena Madiak, 22/04/2024