German Chancellor Olaf Scholz (4th L) and Monika Schnitzer (3rd L), chair of the German Council of Economic Experts, pose with council members (L-R) Martin Werding, Achim Truger, Schnitzer, Scholz, Ulrike Malmendier, and Veronika Grimm during a press conference to present the council's Annual Report 2024/2025, on November 13, 2024 in Berlin. (Photo by John MACDOUGALL / AFP) (Photo by JOHN MACDOUGALL/AFP via Getty Images)