Although industrial production in Germany picked up again significantly with the recovery from the Corona crisis, supply bottlenecks for raw materials and intermediate products such as semiconductors became increasingly noticeable over 2021. In this article, we examine how these obstacles affect...

With 1.9 million vacancies available to 2.3 million registered unemployed persons, parity in the German labour market has almost been achieved. Such parity however may produce labour shortages that go far beyond small bottlenecks, which are limited to particular regions and industries. In the...