German economy
Bundesbank expects stronger growth
After a strong start to the year, the Bundesbank believes that the German economy will grow even more strongly in 2017 than recently expected. The central bank is now forecasting a 1.9% increase in gross domestic product (GDP) for the current year.
In their last economic forecast six months ago, the Bundesbank's economists were still forecasting growth of 1.8%. On June 9, 2017, President Jens Weidmann spoke of a "broad-based, fairly strong economic upturn". The very good situation on the labor market is boosting consumption, while low interest rates are stimulating residential construction, for example. The Bundesbank also slightly increased its GDP forecasts for 2018 (now plus 1.7%) and 2019 (plus 1.6%).
You might also be interested in
Germany only in 9th place among the most innovative countries
Although the German economy is doing well, a new statistic puts Germany in 9th place among the world's most innovative countries, with Switzerland topping the World Intellectual Property Organization (WIPO) table.
read more...Labor market and infrastructure
Lack of engineers jeopardizes infrastructure projects worldwide
According to a study, 73% of employers worldwide cannot find enough qualified engineers. Infrastructure, energy and semiconductor projects are particularly affected. In Europe, demographic developments are exacerbating the situation.
read more...Study on AI and the World of Work
Human-Machine Teamwork becomes central
A C-level survey by valantic and the Handelsblatt Research Institute examines how AI will transform the world of work by 2030. Managers expect creativity, empathy and ethical judgment to remain crucial skills in the future.
read more...VDMA demands Compulsory Subject Technology
A short study conducted by the German Economic Institute on behalf of the VDMA Impuls Foundation shows clear differences in technology teaching in Germany. The VDMA is calling for technology to be a compulsory subject from year 5 onwards.
read more...Education and the Labor Market
IBM calls for AI Projects Worldwide
IBM launches a global tender for AI solutions in education and labor market integration. Non-profit organizations and universities can apply until the end of March 2026.
read more...Study on the working world of tomorrow
Merging technical skills and soft skills
AI is profoundly changing jobs, but at the same time it is making human skills indispensable. The new Skills Economy Report 2026 from SkyHive by Cornerstone shows that roles in the future will require both technical skills and soft skills.
read more...Young Talent Award 'Digitalization in...
VDMA honors four AI talents
At the "Digitalization in Mechanical Engineering" research day, the VDMA awarded prizes to four final theses from the fields of engineering and computer science. The award-winning projects show applications of AI in test processes, production...
read more...Training and certification program
More productivity with AI and digitalization
SmartFactory Kaiserslautern has founded the SmartFactory Academy as a training and certification program. The program is aimed at specialists and managers of medium-sized production companies and industrial enterprises who want to meet the...
read more...SEW-Eurodrive opens training center
"DriveEducation" as an investment in the skilled workers of tomorrow
SEW-EURODRIVE opens "DriveEducation" training center. SEW-EURODRIVE is thus investing over 30 million euros in the specialists of tomorrow. The new training center in Graben-Neudorf combines the promotion of young talent, training and further...
read more...