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Berlin needs to tap into its research potential to improve economic performance: nine questions to Martin Gornig

Interview of July 25, 2016

Mr. Gornig, there appear to be some contradictions in Berlin’s economic situation. On the one hand, Berlin is a boomtown characterized by a flourishing tourism industry and ever-increasing real estate prices; on the other hand, unemployment is high and wages are low. What’s actually going on here?

Both impressions are correct. Berlin is experiencing massive growth at high rates, but the city is still recovering from a prolonged downswing. Accordingly, economic performance is low and unemployment is still above the national average. [...]

The interview with Martin Gornig is published in DIW Economic Bulletin 29/2016.

More issues of DIW Economic Bulletin