Bundesrepublik: Niedrige Effizienz: Deutschlands Produktivität müsste für Erhalt des Wohlstands fünfmal stärker wachsen
Eine neue Studie zeigt: Die Produktivität der deutschen Wirtschaft wächst kaum noch. Bleibt das so, erodiert der Wohlstand – außer Deutschland setzt Reformen wie in fünf anderen Ländern um.
The study conducted by the Institute of the German Economy (IW) for the Family Enterprises Foundation reveals that Germany's productivity needs to increase fivefold to maintain its economic well-being. The country's productivity growth has stalled, with the 2010s witnessing only 1% annual growth compared to the 2% growth achieved during the 1980s and 90s.
Over the past six years, the annual growth rate has averaged a mere 0.3%. IW chief macroeconomist Michael Grömling emphasizes that productivity has become the central engine of prosperity, yet it is currently faltering in Germany.
The declining productivity growth is a significant concern as demographic changes are expected to reduce the workforce available to the German economy in the coming years. To compensate for this loss, the study suggests that productivity growth should rise to 1.6% annually. This ambitious target is achievable, according to economists, if Germany makes changes in five key areas, as reported by the Handelsblatt.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
