Economic experts see good prospects for Saxony's economy and recommend clever political action to unleash the innovative power.

Die Wirtschaft Sachsens befindet sich nach Expertenmeinung in einer Transformation. Der Freistaat hat die Chance, von der verlängerten Werkbank zum Zukunftsstandort zu werden, dies birgt laut Experten gute Perspektiven. Es werden Investitionen von mehr als 30 Milliarden Euro erwartet, die durch Unternehmen selbst, die EU, den Bund und das Land umgesetzt werden. Die Transformation der Wirtschaft trifft jedoch auf eine verunsicherte Gesellschaft mit großer Skepsis gegenüber den Zukunftsperspektiven. Das Wirtschaftsministerium hatte den Rat einberufen, um Rahmenbedingungen der Transformation einzuordnen und eine Prognose der Entwicklung bis 2035 zu geben.

Impact and prognosis

According to a report by www.stern.de, exciting times lie ahead for Saxony's economy. The planned investments of more than 30 billion euros could strengthen the business location and enable Saxon companies to develop and implement new technologies. This is likely to have a positive impact on jobs and the competitiveness of the location. The experts' recommendation to promote renewable energies and expand electricity, hydrogen and broadband networks also points to growing sustainability in the Saxon economy.
However, the report also points to the unsettled society and skepticism about future prospects. This fact could slow down innovation and progress. It is pointed out that cosmopolitanism and tolerance are key factors for the success of the transformation. The mentality and motivation of society therefore play a crucial role in the success of the planned development.
If the Free State of Saxony successfully implements the upcoming transformation, it could become part of a European growth region. This would mean a significant increase in the visibility and attractiveness of the business location. The planned settlement of the Taiwanese chip company TSMC represents a potential paradigm shift and is expected to contribute to Saxony's active participation in future technology.