“According to the forecasts, the Chinese economy would return to pre-COVID-19 growth rates next year,” says Dr. Michael Schröder, senior researcher in the “International Finance and Financial Management” Research Department at ZEW Mannheim. Expectations have risen sharply for all components of GDP, including exports, consumption and private investment. The experts are also optimistic regarding the individual sectors as well as the most important economic regions, which means that they are expecting to see a lasting economic recovery. Nevertheless, the indicator values for domestic and foreign debt remain very high. “The Chinese government has indeed managed to revive China’s economy through active economic policy measures. However, the improved economy has come at the price of significantly higher debt,” says Michael Schröder.
ZEW in Mannheim conducts research in the field of applied and policy-oriented economics and provides access to important data sets for national and international researchers. The institute provides advice to policymakers, private companies and government institutions at both the national and EU level on how to tackle current economic policy challenges. The central concern of ZEW’s research is to analyse and design markets and institutions that allow for the sustainable and efficient development of knowledge-based economies in Europe. By keeping the public informed on its latest research and providing further training to researchers and business leaders alike, ZEW acts as a guide through economic change. ZEW Mannheim was founded in 1991 and employs a staff of approximately 200, two thirds of whom are researchers. ZEW is a member of the Leibniz Association, a network of outstanding research institutes in Germany.
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Labour Markets and Human Resources; Digital Economy; Economics of Innovation and Industrial Dynamics; International Finance and Financial Management; Social Policy and Redistribution; Environmental and Resource Economics, Environmental Management; Corporate Taxation and Public Finance; Market Design.
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