A prominent German business leader has called for a new era of economic growth in the country, urging policymakers to take swift and decisive action to strengthen the nation’s industrial base. Oliver Blume, CEO of the Volkswagen Group and Porsche, made the remarks in an interview with the German daily newspaper Welt, emphasizing the need for a comprehensive plan to drive innovation and development in the country.
Blume believes that Germany, a nation with a rich industrial heritage, has the potential to excel in the global market, citing the country’s skilled workforce, expertise and resilience as key strengths. However, he argues that the current regulatory environment is hindering the country’s ability to regain its former strength, with bureaucratic hurdles and a lack of investment in research and development holding back progress.
The business leader is calling for a renewed sense of ambition and a commitment to success in Germany, urging policymakers to create a more favorable business environment that fosters innovation and competitiveness. He is also advocating for a Zukunftsplan, or a future plan, that prioritizes research and development, provides secure funding for startups and streamlines the process of starting a new business.
Blume’s comments come at a time of great uncertainty for the German economy, which is facing a range of challenges, from the impact of the COVID-19 pandemic to the ongoing transition to a low-carbon economy. As the country looks to the future, the business leader’s call for a new era of economic growth and a renewed focus on innovation and competitiveness is likely to resonate with policymakers and business leaders alike.