Prospects for Germany as a Business Location – Reform Proposals from Economists
The German economy is stumbling. For 2024, the European Commission (2023), IMF (2024), and OECD (2024) each forecast that Germany will be one of the laggards in terms of economic growth compared to other developed economies. The results of the Economic Experts Survey (EES) from fall 2023 show that Germany has become substantially less attractive as a business location over the past ten years. Politicians are alarmed. On April 22, 2024, the executive committee of the FDP adopted a position paper on accelerating the economic turnaround. In the 46th ifo and FAZ Economists Panel, we take this situation as an opportunity to ask German economics professors in which areas Germany is weak and which reforms are necessary. The survey, in which 180 people took part, was conducted from April 16 to April 23, 2024.