Global economic growth for the German industry is robust overall, despite global crises and trade policy challenges. After a slight slowdown in autumn 2017, German companies abroad are generally optimistic about the global economy.
Yet, the lack of skilled labour in many countries holds a leading role among the Top-10 concerns of German export companies. According to the AHK World Business Outlook, 33 per cent of them see it as one of the main risks for their businesses. It ranges on third place after economic policy and demand. If you look at companies who cooperate with partners in China and in Asia Pacific, this concern even ranks first.
The AHK World Business Outlook is based on a regular DIHK survey among member companies of the German Chambers of Commerce Abroad, delegations and representative offices (AHKs). It encompasses the feedback from around 5,100 German companies, branches and subsidiaries worldwide as well as companies with close links to Germany. The survey was conducted in March and April 2018.
The results of the survey clearly indicate that the enhancement of international cooperation with German industry is closely linked to the supply of qualified staff trained. In view of this, collaboration with German training providers in order to establish high-standard training structures remains a major benefit for both German industry and their international partners.