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The lack of skilled workers slows German growth, according to institute

The shortage of skilled labor slows down German growth and is becoming a more serious problem for the country's economy, according to the Institute of Economic Studies of the University of Cologne (IW).

Berlin, Nov 27 (EFE) .- The shortage of skilled labor slows down German growth and is increasingly a serious problem for the country's economy, according to the Institute of Studies Economics from the University of Cologne (IW).

The IW considers that the German economy is in good condition and forecasts for next year a "robust growth" of 2.0 per but he warns that the dynamics could be stronger if it were not for the lack of skilled workers.

"Companies would invest more in equipment and technology if they had its disposal more skilled workers in most economic sectors, "said the director of the IW, Michael Hüther.

Currently, many companies work to the limit of their possibilities to meet the demand and 47 percent of them, according to an IW survey, admits that the lack of adequate personnel limits their production possibilities.

However, almost half of the companies have an increase in production next year while only 9 percent expect a decrease.

42 percent have an increase in investments and only 11 percent with a fall.

Likewise, 41 percent of the companies consulted expect a growth of their staff, while only 11 percent have with reducing it.

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