Dr Dirk Schumacher has been KfW Chief Economist and head of the company's economics department since April 2025.
“Much indicates that the sentiment upswing in the German economy is more than just a flash in the pan. The new Federal Government has the funds for a massive fiscal stimulus. For example, the newly created diminishing balance method of depreciation could provide a boost to business investment in plant and equipment already in the second half of the year. The increase in public-sector infrastructure investment and defence spending should then have a positive effect on the German economy by 2026 at the latest.”
Dr Dirk Schumacher
KfW-ifo SME Barometer July 2025
28.08.2025 │ Real Estate Family Office Summit, Kronberg
09.09.2025 │ Economist Panel at S&P Conference, Frankfurt
10.09.2025 │ Panel at 16. Global Economics & Strategy Day Konferenz, Morgan Stanley, Frankfurt
16.09.2025 │ Keynote Natixis IM Insurance Day, Köln
23.09.2025 │ Tag der Exportweltmeister 2025, Offenbach
10.10.2025 │ TSI Kongress, Berlin
18.11.2025 │ Herbstsymposium AEFMA, Frankfurt
KfW Research, KfW Group, Palmengartenstrasse 5-9, 60325 Frankfurt, Germany, research@kfw.de
Share page
To share the content of this page with your network, click on one of the icons below.
Note on data protection: When you share content, your personal data is transferred to the selected network.
Data protection
Alternatively, you can also copy the short link: https://www.kfw.de/s/enkB6Q2y
Copy link Link copied