Economic policy at a turning point

At the zeb.Financial Market Roundtable in Frankfurt with Prof. Achim Wambach, President of the Leibniz Centre for European Economic Research (ZEW), it became clear: Germany urgently needed to realign its economic policy. Three years of stagnation, falling productivity and weak investment momentum demanded new answers from politicians and business leaders.

According to Prof. Achim Wambach, it was crucial for productivity to increase again after having recently declined year after year. He quoted Nobel Prize winner Paul Krugman, according to whom productivity “isn’t everything, but, in the long run, it is almost everything”. Germany must once again focus more on viable, highly productive sectors.

In addition to digitalization, Wambach regarded stronger European integration and a potent single market as key levers for future economic success.

zeb would like to thank all participants for the spirited and constructive discussion – and sees the event as a means of providing significant impetus to the debate on future-proof economic policy.