German business leaders urge swift action from new government to boost economy

German business leaders are urging the new government to act quickly to address the country's stagnant economy. The recent national election has led to hopes for a stable coalition between conservatives and the Social Democrats, with Friedrich Merz as chancellor. Business executives emphasize the need for bold actions to reduce regulation, improve digitalization, and enhance the business environment. They stress that timely government intervention is crucial to prevent job cuts and encourage investment. Concerns remain about the influence of populist parties, which hold a significant number of seats. This could hinder efforts to increase spending and ease tax burdens, complicating the government's ability to stimulate economic growth.