Survey of the IFO Institute: Small skills small – side effect of the economic flaut

Survey of the IFO Institute: Small skills small – side effect of the economic flaut

In Germany, many positions for specialists still cannot be filled. Now this is no longer as strong.

The weak economy in Germany leads to a falling demand for specialists. This is a result of the recent economic survey by the Munich IFO Institute for Economic Research. As a result, 28.3 percent of the companies recently got too few qualified workers, and in October it was 31.9 percent.

The shortage of skilled workers is felt a little less, IFO economist said Klaus Wohlrabe. Demographic change remains a big task. “In the long term, the lack of specialists will increase again,” said Wohlrabe. In some areas, the shortage of skilled workers remains blatant, as the survey showed: among the service providers, 35.1 percent have difficulty finding specialists. Around 75 percent of the companies cannot find enough qualified staff in legal and tax advice as well as in auditing. It is about 42 percent in the accommodation industry.

Source: Stern

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