The German economy: future security at risk due to a lack of investment in technology and innovation

The German economy: future security at risk due to a lack of investment in technology and innovation

According to a report by www.br.de, the chairwoman of the economists Monika Schnitzer discussed Germany's economic future at the BR Sunday regulars' table. She noted that Germany is the “aging man of Europe” and emphasized the need to make the economy fit for the future, especially in the area of ​​electromobility. Schnitzer was concerned about the lack of investment in new technologies and complained that Germany was being overtaken in this area by both companies like Tesla and China.

The aging population and infrastructure could become a problem for the German economy, particularly in terms of pension provision. She also criticized the lack of long-term thinking in politics and emphasized that investments in space travel and innovations are being neglected in Germany. She also highlighted the importance of the EU Supply Chain Act and regretted the FDP's blockade stance, which was an obstacle to extending the law to the entire EU.

As a financial expert, I analyze these statements and see potential effects on the German market and the financial industry. Neglecting to invest in new technologies could result in Germany losing its competitiveness against countries such as China and the USA. In addition, the challenges associated with aging populations and infrastructure could strain pension, health and care systems, thus having a financial impact on companies and the state. The FDP's blocking of the EU supply chain law could lead to additional bureaucratic work for German companies and, in the long term, affect the competitiveness and sustainability of the German economic sector. It is therefore important that German politics and business pursue long-term strategies and investments in future-oriented technologies and areas in order to overcome the challenges of demographic change and maintain competitiveness.