Market Update 24th March 2025
News: 24 March 2025
Germany passing its new infrastructure and defence spending plans is enormous news. In absolute terms, the EUR500bn that has now been officially approved for infrastructure is not dissimilar to Joe Biden’s (somewhat ironically named) Inflation Reduction Act. However, since the population of Germany is almost equivalent to that of just two of the most populus states (California and Texas) the per capita spend is even more significant.
