The lasting economic impact of the COVID-19 pandemic will become apparent in the development of the macroeconomic factors of production – labour, capital, human capital as well as the stock of technical knowledge.
![COVID-19 and the Growth Potential COVID-19 and the Growth Potential](/fileadmin/_processed_/b/a/csm_IW-Report-2020_LongTermEffectsCorona_9bb2e6e894.png)
COVID-19 and the Growth Potential
IW-Report
Institut der deutschen Wirtschaft (IW)
The lasting economic impact of the COVID-19 pandemic will become apparent in the development of the macroeconomic factors of production – labour, capital, human capital as well as the stock of technical knowledge.
Changes in behaviour such as a greater acceptance of technology can strengthen potential output permanently. By contrast, negative effects may arise from growing protectionist attitudes or long-lasting uncertainties and “scarring effects”. In any case, the crisis has induced a technology push. This may be intensified if digitisation gains additional support from investments in infrastructure or if the pandemic heralds a renaissance in the natural sciences – with a corresponding impact on human capital and physical capital as well as on technical knowledge. For the time being, it is unclear what the effects of restructuring and secular structural change will be on potential output. How-ever, dangers are lurking in the acceleration of geopolitical tensions, a misunderstanding of technological sovereignty and increasing government interventions, which as a whole could hamper innovation and investment.
![COVID-19 and the Growth Potential COVID-19 and the Growth Potential](/fileadmin/_processed_/b/a/csm_IW-Report-2020_LongTermEffectsCorona_9bb2e6e894.png)
Michael Grömling: COVID-19 and the Growth Potential
IW-Report
Institut der deutschen Wirtschaft (IW)
![Computerprogrammierer arbeitet an neuem Softwareprogramm. Computerprogrammierer arbeitet an neuem Softwareprogramm.](/fileadmin/_processed_/6/5/csm_Digitalisierung-Unternehmen-GettyImages-1212006391-creative_2b3c6fd03a.jpg)
Trotz schwacher Konjunktur: Betriebe möchten teils mehr Personal einstellen
Jeder achte Betrieb plant, die Beschäftigung auszubauen, obwohl ein gleichbleibendes oder sogar sinkendes Produktionsniveau erwartet wird. Das offenbart die IW-Konjunkturumfrage im Frühjahr 2024.
IW
Determinanten der Personalplanung in Deutschland
Der deutsche Arbeitsmarkt ist seit dem Jahr 2005 auf Wachstumskurs. Eine Ausnahme bildet die Corona-Delle zwischen 2020 und 2022. Schon im Jahr 2023 erreichte der deutsche Arbeitsmarkt die neue Rekordmarke von fast 46 Millionen Erwerbstätigen.
IW