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Die deutsche Konjunktur seit 2020 und die strukturelle Schwäche der Industrie

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  • Hohlfeld Peter
  • Theobald Thomas

Abstract

The German economy has been suffering from multiple crises in recent years. This is regularly reflected in the outcome of leading economic indicators, such as the monthly “IMK Konjunkturindikator”. Structural developments are difficult to identify in such an environment. However, the German economy’s dominant “business model” for much of the 2000s, which consisted of strong export-led growth, appears to have come under pressure not only in the automotive industry. Rather, competition from China is also being felt in large parts of the machine building and electrical industries. Without a significant increase in public investment in Germany and a consistent European industrial policy, there is little hope that the secondary sector will be able to provide an economic stimulus to overcome the current stagnation in Germany.

Suggested Citation

  • Hohlfeld Peter & Theobald Thomas, 2024. "Die deutsche Konjunktur seit 2020 und die strukturelle Schwäche der Industrie," Wirtschaftsdienst, Sciendo, vol. 104(9), pages 651-654.
    • Handle: RePEc:vrs:wirtsc:v:104:y:2024:i:9:p:651-654:n:1017
    DOI: 10.2478/wd-2024-0166
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    References listed on IDEAS

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    1. Proaño, Christian R. & Theobald, Thomas, 2014. "Predicting recessions with a composite real-time dynamic probit model," International Journal of Forecasting, Elsevier, vol. 30(4), pages 898-917.
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    3. Deleidi, Matteo & Mazzucato, Mariana & Semieniuk, Gregor, 2020. "Neither crowding in nor out: Public direct investment mobilising private investment into renewable electricity projects," Energy Policy, Elsevier, vol. 140(C).
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    More about this item

    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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