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<p>Until the pandemic, the level of real investments made by municipalities was noticeably on the upswing. Three years after the outbreak of the pandemic and one year after the start of the Ukraine war, the question arises as to how municipal investment activity has developed in the wake of both crises. In nominal terms, investment expenditure continues to grow, but appearances are deceptive: in price-adjusted terms, noticeably less is being invested today than in 2020. At the same time, the structure of investment activity has changed.</p>
</abstract>

Until the pandemic, the level of real investments made by municipalities was noticeably on the upswing. Three years after the outbreak of the pandemic and one year after the start of the Ukraine war, the question arises as to how municipal investment activity has developed in the wake of both crises. In nominal terms, investment expenditure continues to grow, but appearances are deceptive: in price-adjusted terms, noticeably less is being invested today than in 2020. At the same time, the structure of investment activity has changed.

Municipal Investments in Decline in Real Terms

Wirtschaftsdienst

This work is licensed under the Creative Commons Attribution 4.0 International License.

Kommunale Investitionen sinken real seit COVID

Until the pandemic, the level of real investments made by municipalities was noticeably on the upswing. Three years after the outbreak of the pandemic and one...

Municipal Investments in Decline in Real Terms

Published Online: Jul 28, 2023

Page range: 474 - 478

DOI: https://doi.org/10.2478/wd-2023-0136

© 2023 Oliver Lerbs, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.