BERLIN—The German government will tailor its public spending plans to avoid stagflation in Europe’s biggest economy and keep at bay the risk of sliding into a cycle of rising prices and anemic growth, Finance Minister Christian Lindner said on Tuesday. “The goal of the federal government is to support growth in Germany and mitigate the impact of inflationary risks,” Lindner said in a speech at the Bundestag lower house. “A development in the direction of stagflation would be a threat. People and the economy can rely on the government to apply its fiscal tools to avoid stagflation,” he added in a speech to present his 2022 budget plans. The government would deploy measures to provide broad economic relief for the German public and could use a variety of tools, Lindner said, adding that a supplementary budget would address spending areas impacted by the war in Ukraine. The 2022 budget would …
RSS Feed | The Epoch Times