At the end of the last decade, the German economy was already facing a phase of intensified structural change. Now, the Corona crisis marks a deep rupture on a global scale, drastically calling previous structures and orders into question and massively accelerating structural change. So far, Germany has managed to cope with this crisis comparatively well, not least because of the frank use of the fiscal room for maneuver preserved in the past years of economic upswing. The long-term consequences of the crisis and the economic policy measures taken to mitigate it are nevertheless uncertain. Moreover, the German economy, which is internationally highly interconnected, will not be able to decouple from any global consequences, especially not from the European lines of development.
The working group is to:
ML = Member of the Leopoldina