Economic transformation in the East: Ifo conference in Dresden sees new challenges and possible solutions

Economic transformation in the East: Ifo conference in Dresden sees new challenges and possible solutions

According to a report by www.saechsische.de, the Ifo Institute for Economic Research in Dresden deals with the new transformation challenges in the economy, especially in eastern Germany. One of the main topics of the anniversary conference was the shortage of skilled workers and structural change. While the post-reunification economic transformation has largely been completed, new challenges are at the forefront.

The poor development in the auto industry, especially in Zwickau, is worrying economic researchers. VW is missing orders for ID.3 production, which could indicate potential problems across the industry.

This development could have a significant impact on the region's labor market, as a decline in the auto industry could also lead to a decline in supplier companies. Job losses could weigh on local economies and increase demand for social support measures.

In addition, a weak auto industry could have a negative impact on the entire economy of the East, as it accounts for a significant part of the regional economy.

It is important that government agencies and companies work together to find solutions to the new transformation challenges in order to stabilize the economy and the labor market in eastern Germany.