German Finance Minister Olaf Scholz says the country’s economic situation doesn’t require a rushed fiscal response, arguing that growth momentum is expected to revive toward the end of the year.
- If warranted in the future, the government is able to react. He also expressed confidence that EU and U.S. will be able to reach a trade deal, telling reporters in Washington “I believe it’ll work.”
- Uncertainty due to big trade tensions is one reason for economic weakness, he said. Success in China-U.S. talks would deliver an “immediate boost” to the economy and an agreement “should definitely put sought.”
- The Brexit...