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<p>The medium-term prospects for the German economy give little cause for optimism. In addition, demographic change will intensify in the current decade. A brightening of growth prospects can therefore only materialise with stronger investment and greater innovation momentum. However, it will hardly be enough to directly promote this through economic policy interventions if the available pool of adaptable and skilled labour cannot be strengthened. This will require a wide range of economic policy endeavours.</p>
</abstract>

The medium-term prospects for the German economy give little cause for optimism. In addition, demographic change will intensify in the current decade. A brightening of growth prospects can therefore only materialise with stronger investment and greater innovation momentum. However, it will hardly be enough to directly promote this through economic policy interventions if the available pool of adaptable and skilled labour cannot be strengthened. This will require a wide range of economic policy endeavours.

No Pain, no Gain – the German Economy Has to Keep Earning its Innovative Capacity Over and Over Again

Wirtschaftsdienst

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

Ohne Fleiß kein Preis – die deutsche Volkswirtschaft muss sich ihre Innovationsfähigkeit immer wieder neu erarbeiten

The medium-term prospects for the German economy give little cause for optimism. In addition, demographic change will intensify in the current decade. A...

No Pain, no Gain – the German Economy Has to Keep Earning its Innovative Capacity Over and Over Again

Published Online: Apr 20, 2024

Page range: 236 - 240

DOI: https://doi.org/10.2478/wd-2024-0066

© 2024 Christoph M. Schmidt, published by Sciendo

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