Growth Agenda 2030 – how can Germany write success stories again?
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Watch without advertising in our ifo media library: https://www.ifo.de/mediathek/2024-12-... Munich Economic Debate with Prof. Clemens Fuest, ifo Institute December 9, 2024 https://www.ifo.de/veranstaltung/2024... 01:29 What were the forecasts a year ago? 03:29 Agenda 06:15 ifo business climate November 07:10 Gross value added in the private sector in Germany is shrinking 08:18 Joint diagnosis autumn 2024: German economy in transition - economic situation and growth weak 10:36 Growth prospects: Europe weak, Germany at the bottom 11:15 Medium-term economic development 13:10 Working hours per employed person declining 14:30 Annual working hours - Germany at the bottom 16:10 Ageing society: employment growth in the public sector & health sector 17:15 Investments 17:20 Corporate investments in Germany in 2024 significantly lower than in 2019 20:00 Investments: Equipment and buildings are falling, R&D is increasing 21:42 Germany 2030 - goals and conflicting goals 22:12 Challenges and foreseeable developments 30:38 Germany 2030: objectives 45:15 Economic policy implications of increased geopolitical threat 47:40 Defence capability and economic resilience - the example of Israel 47:50 Effects of the 2024 war on the Israeli economy 51:00 Structure of government revenues in 2022: Higher taxation of consumption and real estate in Israel 52:35 Government spending in 2022: Israel spends more on defence and education in Israel 56:15 Discussion points for Germany 01:01:06 Economic policy agenda 2030 for Germany and the EU The traffic light government has collapsed. The way is clear for a new political beginning. Impulses for more growth are urgently sought. The new elections in February 2025 offer the opportunity to make Germany fit for the future - provided the economy and society are ready for change. Proposals for tackling this are on the table, e.g. for reducing bureaucracy, tax reform, more participation in the labour market or shaping energy and climate policy. This must be combined with a vision of the future. Can narratives play a role in overcoming the forces of inertia? Which would be suitable to help free Germany from the crisis? What could a future vision for the positive development of prosperity in Germany look like? Moderator: Judith Wittwer, Editor-in-Chief of the Süddeutsche Zeitung ifo Institute – Leibniz Institute for Economic Research at the University of Munich eV
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