Miscellaneous  |  07/21/2021

Economic Consequences of the Coronavirus Pandemic – Diagnoses and Options for Action

In a new statement, the German National Academy of Sciences Leopoldina presents an analysis of the economic and sociopolitical situation in Germany in the face of novel challenges posed by the pandemic and derives possible courses of action to cope with the upcoming structural change. Dietmar Harhoff contributed as an expert and addressed questions pertaining to the structural change and economic growth as well as the performance of public organizations.

In four thematic sections, diagnoses of the status quo are first presented, followed by specific options for policy measures. The statement provides answers to the following questions, among others:

  • Effects of the pandemic on the economic structural change: Under what conditions can existing growth potentials be leveraged?
  • Possible consequences of the pandemic on the distribution of wealth and social inequality: How can decision-makers respond in the areas of education and training, the fostering of gender equality and the design of the social security net?
  • Limits to the performance of public organizations in the crisis: What are their causes and how can they be overcome?
  • Sustainability of public finances: What are the reform options for national debt? How relevant is local government financing and investment activity after the pandemic?

More information on the Leopoldina website.

Go directly to the statement (in German).