What Germany needs to kickstart its economy | DW Business
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- čas přidán 12. 05. 2024
- Whether it’s industries crippled by high energy costs, labor market shortages, or an acute lack of progress in the areas of digitalization and innovation, the problems plaguing the German economy have been well documented. But what can be done to restore growth into a tired economic engine? DW Business speaks with Clemens Fuest, head of the Ifo Research Institute, which conducts a monthly survey of 9000 business leaders, about what's ahead for Europe's largest economy and why there might be light on the horizon.
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Maybe Germany could start using email instead of fax-machines for starters?
Slava TSMC 🇹🇼
They use fax machines in an attempt to prevent the CIA from spying on them.
😂😂😂😂😂
And they'll
Still charge us 1.50 euro per email!
I can confirm this. Last time I wanted to contact a German lawyer, as I searched on their website, only Fax and Telephone numbers were provided. So I switched to another.
Maybe they need to start accepting english speakers specialist? I'm electrical engineer from Poland, have B2 english and german speaking level, was looking for a job in Germany, and there was always a feeling, that I was rejected because my german was not good enough. Then I started to look at the Netherlands, and it took my 2 weeks to find job without knowing Dutch at all.
Also, immigrating to germany is easy if you are software engineer or just regular construction worker. Electrical engineering is so protected by bureaucratic rules, there is really no way to work there as independent specialist without 10 german certificates.
I agree about increasing the acceptance of English speakers. Obviously, as someone who lives in Germany without speaking German, I'm subjectively predisposed to support this, but even objectively speaking, it's hard to dispute that English is the international language that most engineers and IT professionals use, so if a country is not sufficiently open towards it, it cannot attract enough skilled workers in these professions. As a software engineer I'm lucky enough that my current team is English-based, but once this project ends I might end up leaving Germany. Also, despite its reputation, even in Berlin I find it rather difficult to rely on English; in fact I don't think it's easier than in Poland (I lived there too for a few years). In Poland most people at least have a positive attitude towards English even if they don't speak it well, but here in Germany I often feel that I'm not seen/treated well as an English speaker.
Sure, I might/should learn German eventually, but to be honest if the culture is not welcoming, there is a high chance that I'll just move to somewhere else instead, especially since you can earn a much better salary in some neighboring countries.
Also, the housing situation is horrible, at least here in Berlin. It's extremely difficult to find the first apartment as a newcomer - a lot of people say that you're lucky if you're able to rent ANY apartment with a few months search (since many landlords don't even talk to you unless you have years of renting records in some weird German system), and if you really want a nice apartment, be prepared to be searching for 6-8 months. I'm lucky that my company is renting my place for me. If they didn't I simply wouldn't have come to Germany. This housing situation also gives me the feeling that I'm not welcomed here, and I personally don't feel safe.
@martin , Sorry, I believe that the Polish Catholics, with their track record towards everything that is not Polish Catholic in Poland since 1860, would do better to be discreet before boasting on social networks.
B2 german level, still not good enough? Or is it B2 level only for your english proficiency?
Dont come to Germany. There are much better places. Look Switzerland, Netherlands, Denmark. You can focus on your career instead of learning German and losing time. And better paid with less taxes
Mate do you speak English? I mean Poland is close enough and EU.... M
This dude has to be the most rational guy on the planet
Language proficiency is not a small barrier it means developing a complete sense of culture , and now, suddenly, every company has switched German language first for every level of software engineer, this is creating a brain drain and will only going to increase. Language problem, low pay and high tax make every high-tech go for other greener pastures.
Like the ones in the Swiss Alps.
It is unbelievable how there are so many well-educated people from the East of Europe, Greece, Ukraine, Romania, Bulgaria that speak German and are not given one chance to have a professional job in Germany...and still, they are complaining that they have no workforce and that they should bring people from outside of Europe! I studied my Master's degree at a German University along many other international colleagues and none of us obtained remotely well-paid jobs. The only jobs that we managed to obtain were jobs in factories. So I honestly do not understand if this is a lie...and Germany has no workforce shortage or discrimination or simply bad politics!
Mate.... I studied here.... Non EU.... German B 2-C1...even went onsite..... Got rejected n keep getting rejections.... UK is the way mate.....
Politics is not good....
If you speak German, you can work in Switzerland.
@@FreeWanderingThinker and EU....
Keep calm and smoke weed
When Germany followed US foreign policy objectives it pretty much shot itself in both feet…..literally. Expect more of the same results if you continue to allow the US to lead you down the rabbit hole. So much for your own independent foreign policy objectives.
Man have the Germans fallen😂😂 They take orders from Washington and destroyed their own economy. Downside of being in an alliance
Says the Russian bot....if not for the USA Germany would be Russian Land.. matter of fact without the USA you could kiss Europe goodbye.
Germany needs to grow a "spine" to kickstart its economy.
00000ccupied since WW2
Germany needs logic and understanding of accepting that nobody thinks the same. And find a way to cooperate with everyone
They did and traded with Russia and China. and now they are decoupling from Russia after the special military operation and looking to marry China.
@@iplayfoofee3547What's your point?You mean Germany ought to do the exactly things being told by America?What does the conflict between China and the United States have to do with Germany? China is Germany's largest market, why would Germany want to give it up?
@@iplayfoofee3547 If you look at the headlines, I think they're trying to move away from China also. The BBC interview with Blinken recently said that they are ramping up sanctions against China now as well (and Germany has to do with the US says). So no, not marry China.
I guess it also doesn't help that people like me sold their German car and went out of their way to not a buy a single European product anymore, because of what they are doing diplomatically.
You expect LOGIC from German politicians???????
@@Scar626 US and Germany are allies. Why would Germany decide to ally with a communist country vs a country where many of the people are of German descent and share many similar values?
I live there, in Germany I mean... and good luck with that ! (it is not just switching paperwork, this requires a whole mental and culture change, that at this point, its not going good either. Honestly)
for me as a Native american living in germany, as a software engineer I can bodly say the reception here hasn't been nice at all. I am super grateful my contract here is terminating this month. all thanks to a financial expert who assisted me by trading to gather up about forty three thousand euross. that's enough to leave germany and rent up some island in some caribbean islands... not to mention how terrible the apartment rents are
How did you come about making so much ? Pls reply thanks
On
Is she on tele-gram?
If yes what's her user_name?
Yess
*Jessicaparkson*
Jessicaparkson
Student in German public university since 2023, and waiting for visa appointment from 11 months.
Germany auto manufacturers need to wake up to competition hard from Chinese automakers have
Solve housing problem first. Its hard for new comers to get an rental kontract that can reside a small family
The best solution to Germany's economic problems is to protect it's energy pipelines against "unknown" assailants who are capable of planting a 500kg remote controlled explosive under water. I wonder which navy is advanced enough to install such a heavy pay load undetected using special operations forces and advanced submarines. I guess we'll never know.
Everyone in the world knows except German. You can't wake someone who protent to sleep.
U$A
Lol!
Germans don't understand sarcasm... You need to spell it out for them!
@@l.t.3587 Germans don`t understand sarcasm, they don`t understand a joke.What do they understand at all ? Nothing i guess.
The people that are still using faxes and can’t act fast if their lives depended on it 😂
Finally DW found an expert who talks sense. Not sure which job center all the other experts gets forwarded from.
Germany does not have the raw resources to fuel it's economy. Germany looked for russia for resources like energy. Now the gas field developed to supply germany's gas demand is diverted to cater china's industrial economy.
Hahaha. Borscht bot.
They have lots of lignite coal.
@@jptrainor yes but coal has to phased out to meet paris agreement targets
@@thedeceit-qh6mf Of course. That's why they increased mining and consumption of coal last year.
Not China’s fault
"energy prices are complex!!"😅😅😅😅😅 Not really buddy!
🤣💀
Ironically, the less you know about it, the simpler you think it is.
Really do the maths
@@Slavic_Goblin It's actually super simple. Get off your high horse.
Wrong.
Germany should make English as its co-official language and require all Germans who haven't born yet to become fully bilingual in German and English.
That's ridiculous. English shouldn't just take over the world.
@@Anthony-db7cs German is too hard to learn and Germans are terrible language teachers.
@@JosephSolisAlcaydeAlberici German is slightly more difficult than languages like Danish and French for English speakers. People shouldn't have their language and culture washed away to cater to small minded people that want society to cater to them.
Germany reverted to lignite coal after abandoning nuckear and abandoning their natural gas supply. Lignite is one step above cow dung. What are you thinking Deutschland?
What are YOU thinking? Why are you spreading such obvious lies? Germany has almost halved its power production from lignite in the last 10 years.
@@trnogger I'm talking about the last year!
@@jptrainor Last year power generated from lignite dropped from 116 to 87.5 TWh, the lowest since 1990.
@@trnoggerFrance's carbon intensity last year was 44 grams of c02 per kwh on average. Germany was 419 grams. Germany is 9.5 times more carbon intensive than France.
@@seanmurphy2365 First, France's numbers are almost double what you are claiming, while Germany's are lower than what you are claiming. Secondly, Germany had significantly higher co2 intensity when we still had nuclear plants. Because what you nuclear shills always forget to mention is that Germany has fully replaced its nuclear power production with renewables, has covered all the growth in energy demand with renewables AND has reduced the consumption of fossil fuels with renewables all at the same time.
Ausländersamt( Foreigners Registration Office ) exemplifies Germany's welcoming culture
Major tax cuts for the middle class
what goes up, comes down
Only question what has gone up so far that it comes down ?
Currently the economy is quite stable - compared to the crisis year 2008 and covide where germany went through quite well compared to so many others cause discipline was quite high and people that ignored the laws were caught by police and got fines cause fines hurt more and more and more so people will adjust.
Not much to worry, exports are strong, made in germany makes a difference like delivering in time and to deliver what has been promised.
Come to an appoitment here (private or business) just 6 minutes too late people will ask you or your boss will start a serious talk that you have stopped group of 10 to start the meeting in time which means the company had lost 1 hour of working time.
That, my friend, applies to everything and might hit closer to home than you think, one day.
Some big portion of this report about theopen jobs is not true at all. I finished computer science in Germany, am looking for job for two months. But I getting no positive answers at all. Then where are these jobs?
I know Intel is having a hard time hiring in Germany...you may have to change cities
look around the Erlangen area were Siemens is, Berlin where startups are and Baden-Württemberg for SAP, Bosch. I would probably aim for Berlin more since you have no experience at the moment
@@assavp thanks for Ur recommendation. I applied for a job every where. Let tell you very openly, is to get a job you need to have some how contact otherwise it is really tough. I live close to Mannheim. But no contact, then hard to get job, is the reality nowadays here.
this guy is a corporate shill (ifo), what do you expect him to say?
@@doofus9007 I expect him nothing to say but I just wanted to tell the truth, here about contact, the stronger the contact, the better the chance to get the job, which is not good at all. But reality unfortunately.
Language is a huge barrier. The companies are not at all open about that.
It’s easy to immigrant 😀😀😀 get me appointment from doctor ,Ausländerbehörde …. Try to talk with Germans as a foreigner .. find family doctor .. find home …
Germany needs Russia for energy, also less hippie BS and more work. It won't happen with a four-day work week, contrary to what you thought boys and girls. Also, maybe less freebies to illegal immigrants and more support for small businesses, which you screwed during the pandemic.
No… we don’t need borscht bots wasting their life to write bs.
@@alsanchez5038 *Верно, вам нужны афганцы и сомалийцы которые будут всю жизнь жить на налоги твоих родителей😂😂😂*
*Ты готов принять ислам, сын мой?😂😂😂*
@@alsanchez5038 Yes, Mr Sanches, very German name right there. The hubris on you saying "we". Who's you? Also, have you any idea how pathetic it is to call someone a bot when you have no argument of your own?
Right about energy, wrong about work.
@@shiptj01 Have you been to Berlin? Seems like there's a whole lot of nothing happening. Bohemian inactivity with daddy's bucks.
Germany needs to grow a "spine" to kickstart its economy.
00000ccupied since WW2
no, the Russians were kicked out when the Berlin Wall was destroyed by the people
There are reforms to be done in Germany, but also a great potential. No other European country could've mustered such a military might than Germany did back then. It took rest of the Europe, the US and ruzzia to bring down German army and even then it was no easy feat.
DW: What Germany needs to kickstart its economy?
Answer: Stop blaming China for everything?
Don't be a tool.
Slava TSMC 🇹🇼
Germany needs to grow a "spine" to kickstart its economy.
00000ccupied since WW2
blame foreigners, foreign culture and foreign countries for all their problems, but 50 % of the economy is exports hahah
German "Logik".
I live in a part of Germany that is basically a dormitory for factory workers... no recreation, no parks, no culture, nothing! Just sad people getting up, going to work, and going home to sleep... slavery... all restaurants have the same menu of frozen food, no place to just lay in the sun or play, nothing!
Where is it? If I may ask
@@estebanmunoz7486 in BASF factory, he have a tent there 😅
@@estebanmunoz7486 nordenham, most depessipreisve I ever lived... I have lived all over
@@ricardocosson1105 Ach yes, Niedersachsen. Greetings from Landkreis Hildesheim
Looked what happend in East Germany, when industrie was shoot down.
would probably be helpful if your government departments weren't still using fax... just a suggestion...
Can DW please make video ? about how the Government policies in Germany in the recent years has been dooming, not one, but every Industry. It's although quite late now. Many companies were forced to leave the country due to that.
Stop voting for SPD and the Greens.
Russians and americans were too nice to them.
I wonder why energy prices have soared 🤔🤔🤔
Maybe it has something to do with a certain LNG seller with world-leading maritime capabilities blowing some gas pipes
Germany watches its Nordstream energy pipeline destroyed by its main opposer, and blames the seller. That sums up what Germany now has to suffer through
Germany CAN'T DO anything without US! German is really screwed with its US MASTERS and Germany puppet govt! US de stroyed their cheap gas line!
Everybody is refering to Germany as a wjole when problems arise. Why not referring to the companies? They have to get back to become more competitive and develope better. The construction sector was driven by low interest rates, finally these rates are back to normal. Over the last 10 years the flawed technical industry was covered up by a unhealthy boom in the building sector.
Because industry is being f**ked by Germany's inept government and slammed with the highest taxes in the world. It's an entirely homemade problem, and one a 6yo would have seen coming.
Well, some insider notes from the top of my head after 7 years in Berlin:
- Housing market is chaotic to say the least, and read news last week that rents increased 18% on average last year.
- For going to the arbeitsamt one needs to speak German or bring along someone who does. I met great people there but a B1 language level in German is necessary. Needless to say how better would be having these services on other languages.
- It is almost impossible to book a meeting in one ausländerbehörde. There are no bookings available, simply.
- Migrating from std work visa to permanent residency visa should be simpler.
- Everything seems to be paper driven. I recommend having a look on other EU more digitalised states.
- Germany has made its political and economic choice on energy, not a really wise one and the country is paying the price....
- Outside of Germany it is quite rare to have people studying German. Of course there is the Goethe institute but FFS it's utter expensive.
They closed many Goethe institutes, that's a shame!
It's a "no brainer". The Government has to get behind nuclear and push as hard as it (safely) can.
Germany needs to stop being so protective of their language and open themselves to the possibilities of creating jobs where English can be used and German is not a must.
at this point? I would start with a Miracle! and even that is a "maybe"!
15:57
Germany can find antibiotics in France.
Germany's economy is suffering
I’m American. I work in big tech here but I fell in love with my boyfriend who is German whom I met traveling. Im moving to Germany. My speciality happens to be in this field of research.
We want to get married and start our lives. The only thing that makes me a bit worried is I’ve started my own startup and that might not be feasible in Germany. Maybe there’s some hope we can build our tech startup together. I don’t have any family that’s supportive of kids so that’s also why I’m moving. I think we can fix this!
There are grants for startups like that in Germany.
Scholz just gotta keep crawling on his knees to Chinese government and keep begging them 🥺
German has lost cheap energy. And it cannot bear losing the market….Anglo Saxon try to force the Germany to die….
the funniest thing is just after scholz visit, German says they arrested 4 Chinese spy.
looks like some one didn't like scholz visit China.
@@mastertrend4685 more important, Russia has lost oil sales and access to Euros, which it's obviously pretty hurt about (read comments)
They could make some money by selling a couple of islands.
private vs public sector :D companies, partners, institutions, coalitions have a problem :) the government doesn't want to finance them... doing business is risky :)
It's simple. Cut the taxes :)
Put economic interests first. That is what every citizen expects of their government. Politics and political alliances are non-constructive and a waste of time and money.
Germany needs to be a sovereign country caring for it own interests and what is best
for its people. It should be that way since the reunification some decades ago,but as usual
the government back then broke the law and betrayed its people.
the lessons from East Germany seem to have been forgotten by younger Germans
So far their car price was bubble. They people got used to it, so they didnt find new technology.
A cheap and reliable source of energy is what u need. Since your ill-fated pipeline got blew up by the mysterious hand, you have to pay an extravagant amount for a privilege of gaining gas from US. It is a stop gap solution and it is slowly killed your competitiveness. You can not compete with China on the good days, how are u going to compete with America or China now while both of them have better and cheaper energies?
Dude, cheap energy is your problem 😂
In regards, to the labour shortage of Germany, with the end of the war, comes a abundance of Russian labour, looking for a better and more prosperous lifestyle, and inturn defeating communism, prosperity is a great healer.
Russian immigration will not happen for security reasons for a long while after the war.
this is why Asia is successful in general, long work hours, very little union, less beauracracy, educated work force. dont see any of that in EU
Countries in Asian countries also don't overprice their services .
Overpricing kills the consumer forever. Long term adherence to global competitiveness will always help the state.
With the kind of foreign and economic heads in charge, one can only say:" Good luck! Nice try!!"
is it not just an unending cycle that Western countries need people, even if they got millions, they would at some point need more again because then the economy will grow and need even more people to give the new people what they will need. its not more people but greater productivity that is needed, more automation.
If Germany continues working with the US, they will have a future
We all knew 007 is a $py , only for UK interest.
In Bulgaria we say one thing : Germany lost the two big wars and still managed to bounce back and became the strongest economy in Europe. Never underestimate the German mentality! Wishing all the best from Bulgaria because Deutschland is the engine of Europe!
Times have changed!
Energy
Stop sending money to Israel
Simple, Watson. Recouple Russian pipeline, decouple sovereignty from US.😊
Wishful thinking, after it's defeat by US in 1945 the country was turned into a vassal state, the continued presence of a large number of soldiers, helps to further the interest of America. America took away cheap energy that would have helped the country to grow its economy.
Borscht bot
You mean defeat by the Russians. The US theater was just a side show.
Good bot!
Germany needs to grow a "spine" to kickstart its economy.
00000ccupied since WW2
Russia took away that cheap energy, and Germany’s growth was already showing signs of struggle before that.
Germany's greatest threat is their leaders and the policies they make. Germany is finished without Russian Gas and Russian fertiliser. Without Russian gas there will be no industry full stop. Germanys' skill was making things for the real world like cars, machinery and tools and to the highest standard possible I might add. With out cheap reliably gas none of this is possible. As far as Germany going digital the transformation from a mechanical industry to a digital one is measured in generations and not months and years. R.I.P. Germany :-( .
Maybe Germany should be more humble
Germany needs cheap Russian gas but US put a stop to that
Russia put a stop to that. The way its leadership thinks, it would have eventually happened short of Russian Forces entering Germany to “secure” the other end of the pipeline.
Their product price is too high. Their tech is not high compared to china. Employee salary must be lowed.
The salaries ARE (way too) low,. but taxes are high. Plus you can't compare cost of living in western Europe vs. China
✊Free Germany from U$A ✊
Germany should be a Sovereign state.
A sovereign state is a state that has the highest authority over a territory.
International law defines sovereign states as having a permanent population, defined territory, a government not under another, and the capacity to interact with other sovereign states.
It is also commonly understood that a sovereign state is independent.
France Macron: You are only vassal state if someone else allows to establish military bases in your territory.
Germany probably doesn`t deserve to be a sovereign state because of their dark past.
Germany needs to grow a "spine" to kickstart its economy.
00000ccupied since WW2
@@happymelon7129US has arms in several countries of the world.But none of them is called occupied ,except Germany.
Accept English.... Move towards service sector 👍
Because the UK is doing so well? LOL.
thats the problem. Germany-like the UK-needs to start building things, not just high end cars
@@icu17siberia What are you talking about? Seriously, the cluelessness of youtube commenters. Just looking at cars, Germany covers low-cost cars, utility cars, trucks, construction vehicles, car parts. But beyond that airplanes from Airbus, chemical products from BASF, optical equipment from Zeiss, to name just 3 of the areas where Germany is an industry leader. Not to mention that Germany is famous for its extensive small and medium companies that produce all kinds of goods and export them all over the globe.
Germany builds a lot of stuff, but physical products eat up a lot more capital (and subsequently wages) than services and the process can get more easily offshored.
SERVICE? In Germany? Are you kidding?!
Cheap oil and gas ....oooooooops...
just stop importing cheap chinese goods, or tax them heavily and Germaany will do great
Without Russian resources and markets? Please😅😅😅😅
russia is irrelevant as a market. And they are not a reliable supplier of resources, so irrelevant in that area too.
Keep independent….
They have to proceed into space projects on all levels.
Like Kennedy did for America in the 1960's, and China is doing today
We need a economy that feed the citizens of Germany.
NOT citizens from anywhere to feed the economy!
Maybe the citizens of Germany should first think about how to be more useful for the economy.
@@IngVasiu and what have any foreign workforce to do with that? In a ideal way? If i think abaut it...
@@Cyril_Sneer If there would be more skilled citizens that also have higher willingness to work, it would be better. I might be biased by my own experience, but it seems to me that more and more people in Germany do not have the willingness to work. anymore.
@@IngVasiu Hmm, probably your right, overall.
BUT, i was born 81' in the former GDR. People of that Area (a lot) would yell at that/you, even they have the same opinion. Because they still don't define as that Germany you are talking about, but are part of that Germany at the same time (complicated).
But please try to don't say anything like that to someone of that Area...
Anyway...
The Fact that this is necessary for Germany/the german Economy is not a good Thing. From the german Side. Right?
Germany's economy is in good shape, ignore the growth or whatever, the most important thing is to have democracy and align with USA.
lol nice joke, the Germany is in this mess because they’re dare not talk back to their masters in Washington
European countries. However, their incompetence only perpetuates the problem they have created.
You Look like Vision from Avengers.🤔
What do they need? Finding some people that actually do want to work. 🛋️ 🇩🇪
U mean immigrants?😅😅😅😅😅😅😅😅
Dont worry,Germany is the best!
0:02 A good strong un political leader who is interested in human rather in money especially not nepotism kid
Nordstream lol
instead of talking about immigration why do you never talk about raising birth rates?
Because it’s almost impossible to raise them, all developed countries are screwed in terms of birth rates
What’s the point of bringing foreigners if Germany doesn’t give the right support, the wages are low and the taxes are huge? I’ve always dreamed about moving there, but nowadays Germany is not even in my top 10 countries.
one idea maybe kneel to American and beg for food
Chinese Companies can own hundred percent of the Companies in Germany but not vice-versa.
Stop spewing false information. Tell me Tesla in China is not 100% owned by Tesla.
Geely is blocked from owning more than 10% share in Daimler by German government but Tesla own 100% for their China company.
Germany will always be KING OF EUROPE!!! 🇩🇪👑💪🏻
Kaffe 😂😂
Kickstart economy? Get cheap Russia energy again 😂
Germany? Move to Netherlands much better than Germany, more smiling faces you will be encounter and earn more!
There's nothing wrong with the German economy. Quit overreacting.
Do you live in dreamland😂?. It closely looks like it's f Ed up😂😂
Hmmmmm Russian gas duh
3 steps:
1. get access to cheap Russian gas
2. get access to huge chinese market
3. get dehellouta EU.
More immigrants? 😅😅😅😅😅😅😅😅😅😅
Slava TSMC 🇹🇼
Lol…
Happy Holi 👾🔫🔫🔫
🤖🤌🏻🫰🏻
Nord Stream, unfortunately it's not going to happen, die rutschen sich
😂😂😂😂