Despite above-average growth – DIW study: Berlin economy has to catch up a lot
The Berlin economy although growing, but far from being caught up with other business locations. These Berlin should improve investment in schools and training programs, says the German Institute for Economic Research. Especially because of the high number of company start-ups.
The federal capital has the view of the German Institute for Economic Research (DIW) economically achieved a turnaround. But the city kick in productivity and thus also of their income levels on the spot, according to the new study “Economic and labor market of Berlin”, which was presented on Wednesday.
The fact that the Berlin economy is growing more strongly than the national average, looks DIW president Marcel Fratzscher as “catching up”. Here Berlin has a lot of potential if the country would improve investment in schools and training programs.
need for high-quality commercial and industrial areas
It was important for Berlin, the high number of start-ups, Fratzscher said. Meanwhile, almost every second company is founded by foreigners, according to the DIW study. Every sixth foundation in Berlin had great potential for innovation in recent years.
The city already doing a lot to support innovative start-ups. During the transition from the start-up in the growth phase, the researchers consider additional measures necessary: More high quality commercial and industrial areas in particular and quick granting of licenses
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Müller relies on Tegel Airport
The Governing Mayor Michael Müller (SPD) called the safeguarding of sites, industrial “crucial” for continued above-average economic growth of the metropolis. Here the grounds of Tegel airport to get to its closure importance to
For Müller, a second point is important. “We have to be faster and better in the monitoring by the administration.” There is “first steps” that need to be but significantly strengthened. Economics Senator Cornelia Yzer (CDU) said, “Berlin has started to catch up, suggests there bravely, but we need to grow significantly disproportionate even years to catch up with other leading industrial and business center.”
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