Businesses urge German government to act on economic growth after coalition collapse

Germany's governing coalition has collapsed, prompting urgent calls for action to address the country's struggling economy. Chancellor Olaf Scholz dismissed Finance Minister Christian Lindner, leading to the exit of other liberal party members from the cabinet. The coalition's breakdown comes as Germany faces a recession for the second consecutive year, with businesses suffering from high costs and declining sales. Major companies like Bosch are revising forecasts and considering layoffs, highlighting the need for decisive government measures. Economists emphasize that Germany's economic issues stem from structural problems rather than global factors. They suggest that the government should focus on stabilizing energy transition, reducing bureaucracy, and implementing tax incentives to foster growth.