This year, the German economy is obtaining major support from the still upbeat labour market situation, very favourable financing conditions and increasing government expenditure. The relaxation of the fiscal stance will probably reach a magnitude of ¾% of GDP this year, so it could add ½ of a percentage point to growth.
Henry Ford once said: “If everyone is moving forward, then success takes care of itself.” Ladies and gentlemen. Today, therefore, let us commit to work more closely together and act in solidarity to be a single force and to move forward as one so that we can achieve the change we need, sooner rather than later. Maraming salamat sa inyong lahat! Mabuhay ang Pilipinas!