READ ALSO: 'Germany will do what's needed without new debts'In recent years, billions of euros in government budget surpluses have not been deployed to maximum growth-boosting effect. Figures released this week showed the federal government alone booked a surplus of €13.5 billion in 2019. "Short-term stimulus is still not really needed" in Germany, ING's Brzeski said. "Instead, the surplus should be used to step up investment efforts in the well-known sectors: digitalization, infrastructure and education," he added. "The golden decade Germany has seen for growth is gradually coming to an end," agreed Holger Schmieding of Berenberg bank.

Source: The Local January 15, 2020 08:37 UTC