Core Viewpoint - The President of the German Banking Association, Christian Sewing, emphasizes the need for the German government to accelerate economic reforms to maintain long-term competitiveness, suggesting that the public must also increase work intensity [1] Group 1: Economic Reforms - The new German federal government, which took office in May, has introduced several reform measures aimed at boosting the economy, including corporate tax cuts, reduced regulation, and increased infrastructure investment [1] - Despite these measures, Sewing believes they are insufficient to significantly drive long-term economic growth [1] Group 2: Economic Growth Projections - The German Banking Association forecasts that Germany's economic growth rate could reach 1.5% by 2026, indicating an improvement from previous sluggish growth [1] - The employment market is expected to recover, with unemployment projected to decrease by 100,000, bringing the total below 3 million [1] Group 3: Monetary Policy Outlook - Sewing anticipates that the European Central Bank will maintain a relatively stable benchmark interest rate through 2026, with inflation in the Eurozone expected to remain around 2% [1] - The ECB has set a medium-term inflation target of 2%, while recent overall price levels in Germany have slightly exceeded this target [1]
德国银行业协会主席呼吁政府加快经济改革步伐