OECD Secretary-General Gurría hands over Economic Survey to Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy Thomas Bareiß

OECD Secretary-General Gurría (left) hands over Economic Survey to Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy Thomas Bareiß (right)

© BMWi/Susanne Eriksson

OECD Secretary-General Angel Gurría unveiled the 2018 OECD Economic Survey of Germany in Berlin today and presented it to Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy Thomas Bareiß. This year's Survey focuses on the issues of productivity growth, the future of work, and improvement and better use of skills.

Federal Minister for Economic Affairs and Energy Peter Altmaier said: "The latest OECD Survey attests that the federal government is doing a good job. The economic situation is good. The OECD has identified medium-term challenges especially in the fields of productivity growth, digital transformation and demographic change. Against this background, it recommends an increase in investment in education and infrastructure, even more targeted promotion of start-ups and additional measures to improve the compatibility of family life and work. The Coaltion Agreement addresses many of the OECD recommendations. The OECD thus endorses our policy."

The OECD confirms that economic growth in Germany is robust, driven by strong domestic demand, rising real incomes and exports. To continue this positive trend in the future, the OECD recommends measures to strengthen the production potential and entrepreneurship, and additional investment in infrastructure and education. Federal government initiatives to take up the OECD recommendations include the planned education, research and digitisation campaign. It comprises an increase in the number of all-day schools and childcare facilities, investment in high-performance digital infrastructure and the development of further training strategies in response to digital transformation in the working environment. The OECD praises the dual vocational training system as it very successfully helps integrate young people in the labour market. Furthermore, adjustments in the fields of initial and further training are to ensure that employees will continue to be able to adapt flexibly to technological change.

The Survey can be found here.