2024-11-14 17:55:09
Economy
Infrastructure

Germany's Economic Struggle with Bureaucracy

Germany finds itself in the throes of economic stagnation, hindered by deteriorating infrastructure and sluggish recovery in the construction industry. A revised forecast highlights weak economic growth, exacerbated by inadequate bridges and other structural deficiencies. Bureaucratic hurdles further delay investments and obstruct procurement processes, leaving the digitalization of administration trailing behind.

According to the Ifo Institute, bureaucracy costs the German economy up to 146 billion euros annually. This staggering figure underscores the urgent need for reform. The digitization of public administration alone could potentially boost the economy by 96 billion euros. The Industrial and Commercial Chamber calls for an immediate moratorium on bureaucracy, advocating for streamlining documentation, reporting obligations, and lengthy administrative procedures.

Germany invests less than the EU average, a situation worsened by increased uncertainty following political shifts, such as the end of the traffic light coalition and Trump's electoral victory. The Expert Council criticizes the country's current state, emphasizing the economic hurdles posed by existing bureaucratic structures.

Efforts to reduce bureaucracy could serve as a significant growth engine for Germany. Implementing measures similar to Sweden's bureaucracy level or Denmark's digitalization could yield substantial economic gains. The Bundestag's recent passage of a law to alleviate bureaucracy aims to save the economy approximately 944 million euros annually.

In conclusion, Germany's economic challenges are deeply intertwined with its bureaucratic obstacles. Streamlining processes, enhancing investment, and embracing digital advancements are essential steps toward revitalizing the nation's economic landscape and ensuring long-term growth and competitiveness.

n-tv.de
14. November 2024 um 08:58

Calculations by the Ifo Institute: Excessive bureaucracy costs 146 billion euros annually - n-tv.de

Economy
Politics
Technology
According to calculations by the Ifo Institute, excessive bureaucracy costs Germany up to 146 billion euros annually. The bureaucracy index shows the high effort in economically relevant areas. The Chamber of Commerce and Industry for Munich and Upper Bavaria is calling for a bureaucracy moratorium and the digitization of the administration. If Germany were to reach the level of Denmark, the economic output would be 96 billion euros higher, according to Oliver Falck. All proof, documentation and..
Tagesschau - Wirtschaft und Börsen-Nachrichten
14. November 2024 um 10:52

ifo Study Reducing Bureaucracy Would Be an Engine for Growth

Economy
Technology
Politics
According to an ifo study, bureaucracy costs the German economy up to 146 billion euros annually. Digitization of public administration could increase economic output by 96 billion euros. The Chamber of Industry and Commerce is calling for an immediate moratorium on bureaucracy.
focus
14. November 2024 um 11:21

Decline and Bureaucracy - Germany is Paralysing Itself - the List of Deficiencies of the Economic Wise

Economy
Politics
Technology
Weak economic growth, forecast revised; infrastructure dilapidated, bridges inadequate; construction industry recovering slowly; bureaucracy delays investments, parliamentary loop hinders procurement; digitalization of administration lagging behind; Germany invests less than EU average; uncertainty increased after the end of the traffic light coalition and Trump's victory; the Expert Council criticizes the state of the country.
DER SPIEGEL
14. November 2024 um 12:59

Ifo: Bureaucracy Could Cost Germany 146 Billion Euros in Economic Output – Per Year - DER SPIEGEL

Economy
Politics
Technology
According to an Ifo study commissioned by the Chamber of Industry and Commerce for Munich and Upper Bavaria, Germany could gain up to 146 billion euros in economic output annually by reducing bureaucracy. The National Regulatory Control Council estimates direct bureaucracy costs at 65 billion euros per year by the end of 2023, but according to the Ifo study, total costs are more than double that. According to Oliver Falck, head of the Ifo Center for Industrial Economics and New Technologies, the..
CW

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