Investments are a precondition of future sustainable growth. However, investments are not just about competitiveness, but about maintaining our quality of life. As Germany currently shows, good economic numbers are a necessary, but far from sufficient, precondition of strong investment activity. On the one hand, we expect economic output to rise by an annual average of 1.8% in real terms in both 2015 and 2016. At the same time, despite a recent upward trend, public-sector investment–which often helps to pave the way for private-sector investment–is still growing relatively slowly. There is also scope for more dynamism in many key areas of private-sector investment.
Against this background, the German government is aiming to improve the environment for more innovation and competitiveness in the economy, and to boost investment. We want our investment rate to exceed the OECD average.
Read the full article here.
©OECD Yearbook 2015
2015 OECD Yearbook
2015 OECD Forum