Economy: Ifo: Shortage of skilled workers increases with economic recovery
As the economy recovers, the shortage of skilled workers is also increasing again. In telecommunications, it has almost doubled since April - according to the expert, things are likely to get even worse.
A survey by the Munich-based Ifo Institute found that 23.2 percent of German companies reported a shortage of qualified workers in July, up from 21.1 percent in April. Despite the increase, the figure remains below the long-term average of 31.7 percent. The shortage is most pronounced in the legal, tax, and auditing sectors, where 64.7 percent of companies reported difficulties finding suitable staff, and in the telecommunications sector, where the figure rose to 31.1 percent.
The German economy has shown signs of recovery, with growth in the second quarter, and the BVR bank association has raised its growth forecast for the year to 1.0 percent.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
