Germany in reverse gear: Dare to reform more!

Article by Dr. Christian Jasperneite

How is the German economy really doing? Our latest analysis shows: Whilst Germany continues to be considered an economic heavyweight in Europe, it has been losing competitiveness for years - faster and more drastically than many other industrialized countries. High taxes, slow bureaucracy, a lack of digitalization and an overburdened welfare state are just some of the challenges that are weighing on the location.

In the current issue of “Economic Situation and Strategy”, we shed light on why reform projects such as Agenda 2010 were once able to halt the downward trend and why decisive action is needed again today to save Germany from a further loss of importance and prosperity.