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German industry in the doldrums: Roland Berger boss calls for more innovation
Management consultant speaks about the German economy and calls for more action from politicians and companies. Gloomy forecasts and demands to stimulate economic growth. By: Lisa Mayerhofer.
German industry in the doldrums: Roland Berger boss calls for more innovation
The German economy is in a difficult stage in which industry is calling for urgent reforms. Siegfried Russwurm, President of the Federation of German Industries (BDI), emphasized that the federal government's previous measures are not enough to stop the ongoing decline in industrial production.
The federal government recorded a slightly more optimistic assessment of the economic prospects for Germany compared to the beginning of the year. The forecast for economic growth was probably raised to 0.3 percent. Stefan Schaible, head of the management consultancy Roland Berger, emphasizes the need for both politicians and companies to take action to get the economy going again.
Schaible warns of possible deindustrialization in Germany and calls on the political leadership to concentrate on key areas such as innovation, de-bureaucratization and immigration of skilled workers. He highlights the responsibility of companies, which have to take a large part of the changes into their own hands.
The management consultant criticizes the current mood in Germany as being too negative. He criticizes a lack of willingness to innovate and creativity competition, while he would like to see a return to a mentality of active action. It is emphasized that such a culture of tackling things is crucial for the future viability of the German economy.