Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

KfW-Studie: KfW-Studie: Deutschland hat Chance auf dauerhaft mehr Wachstum

Die Förderbank KfW erhöht die Wachstumsprognose für die deutsche Wirtschaft. Dafür müsse man Arbeit, Kapital und Produktivität stärken – auch die Anwendung von KI sei entscheidend.

KfW-Studie: KfW-Studie: Deutschland hat Chance auf dauerhaft mehr Wachstum

The German state-owned development bank KfW has assessed that Germany has a strong chance of achieving sustained economic growth. According to a study presented in Frankfurt on Tuesday, annual potential growth of more than one percent could be attainable in the coming decade, a significant improvement from the previous near-two-percent rate in 2015.

To achieve this shift, Germany must specifically strengthen the three growth drivers: labor, capital, and productivity. The potential growth measure indicates the extent to which a country can grow over the long term without inflation or overheating, assuming all workers and machines are fully employed. KfW believes the key lever for increasing this growth lies in fostering a new dynamism in productivity growth.

Artificial intelligence (AI) and digitalization must be more rapidly and widely adopted by businesses. KfW President Stefan Wintels emphasized that Germany should aim to become the leading AI applications country in industry and medium-sized enterprises. Additionally, better integration of the medium-sized sector, startups, and capital could create a new growth formula for Germany.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Finance & Markets

More from Tuesday 8 September →