Deutsche Bank analysts Marion Muehlberger and Ursula Walther say firms view Germany’s recent reform package, outlined last week, as a positive step though many want further measures. The package includes tax and pension changes, cuts to administrative approvals and more flexible labour rules. Analysts say the measures could boost business confidence and improve Germany’s competitiveness. Business groups flagged missing reforms on wage costs and social‑security contributions, corporate taxation a

2026-07-08

Deutsche Bank analysts Marion Muehlberger and Ursula Walther say firms view Germany’s recent reform package, outlined last week, as a positive step though many want further measures. The package includes tax and pension changes, cuts to administrative approvals and more flexible labour rules. Analysts say the measures could boost business confidence and improve Germany’s competitiveness. Business groups flagged missing reforms on wage costs and social‑security contributions, corporate taxation and broader working‑time flexibility. The analysts said implementation capacity will be critical and that rapid implementation in the autumn is key.