German business leaders call for quick government formation as economy shows signs of decline

German business leaders are urging for a swift formation of a new government as the economy shows signs of significant decline. Following a recent election, Friedrich Merz is expected to lead a coalition between his CDU party and the Social Democrats. Despite a rise in the euro and the Dax stock market index, business confidence remains low. A report from the Ifo think-tank indicates ongoing stagnation, with companies facing high costs and competition from abroad. Executives from major companies, including Siemens and Deutsche Bank, emphasize the need for immediate action and reforms to address the economic challenges. They stress that further discussions are unnecessary as the issues are well-known.