Economy in transition: Professor Feld warns of dangers for Germany

Economy in transition: Professor Feld warns of dangers for Germany

In the Donausaal of the Ulm Mass, the Sparkassen-Economs Forum took place on December 11, 2024, an event that offered several highlights. Professor Lars P. Feld, one of the most important economists in Germany, spoke to more than 300 guests about the serious challenges in front of which the German economy faces. In his urgent speech, Feld emphasized that transformation to modern technologies such as electric cars was of crucial importance. However, he warned that high tax burdens and energy costs could disadvantage German companies in international competition. He saw the increasing bureaucracy, which were described as a "toxic mix" for entrepreneurs, because they endanger the innovative strength, such as swp reported.

change of personnel and farewell

As part of the forum, there was also a significant change on the board of Sparkasse Ulm: District Administrator Heiner Scheffold said goodbye to the long -time sales board member Wolfgang Hach and presented his successor Andreas Haltmayr. Haltmayr, who will take responsibility from January 1, 2025, has a comprehensive experience, including responsibility for corporate culture and digitization. Schaeffold paid tribute to Hach's 46-year-old career in the Sparkassen-Finanzgruppe and emphasized his tireless efforts for the Sparkasse Ulm. Industry experts are excited to see how Haltmayr's fresh approaches will lead the Sparkasse into the future, especially in view of the current economic challenges that were expressed by field.

In his analysis, Feld also noted that the subsidization of Chinese goods and new duty barriers in the USA can represent further hurdles for the location of Germany. These aspects are not only important for entrepreneurs in the region, but also affect everyone who is active in the global economy. Feld's core message remains clear: it is time to set the course to ensure the competitiveness of the German economy. This Economic Forum has not only illuminated current challenges, but also took a look into the future of what a strong and innovative location policy can look like that sets the course for a positive development.

More details on the discussions and insights can be found in the reports from Ulm News and swp .