In a speech to this year’s meeting of the World Economic Forum in Davos, Federal Chancellor Scholz reflected on how last year had brought fundamental changes to Germany, but Germany had changed fundamentally as well. He stressed how Germany can be flexible, unbureaucratic and fast, and that the new German speed was the benchmark for the transformation of Germany’s economy.

With its electricity, gas and heat price brakes, the Federal Government aims to provide relief for private households and companies with regard to the sharp increase in energy costs. Following the Bundestag's approval, the Bundesrat has now given the definite go ahead for the corresponding laws.