Ifo Institute: German industry falls further behind the US in terms of productivity because of insufficient investment in information technologies
Aug 19th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The German Ifo Economics Institute says that after a
continuous decline in German productivity in recent years, a slight increase was
observed for the first time in 2005. However, this improvement did not mark a
change in the German trend growth since 1992. The increasing productivity
deficit vis-à-vis the US, which is more than 1.5 percentage points, on average,
remains problematic. As the reason the Ifo researchers point to the differing
intensities and use of IT investments.