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Dr Dirk Schumacher has been KfW Chief Economist and head of the company's economics department since April 2025.
“The skills shortages in German enterprises have eased somewhat. Unfortunately, this is mostly due to the ongoing economic weakness. Skilled labour shortages will presumably worsen again when the economic situation improves. It is therefore important not to ease up on measures to address them. Young people should be attracted to shortage occupations. Lifelong continuing education, lifting the workforce participation rate of women and older people, and skilled migration are further important ways to ease the strain on the labour market in the long term.”
Dr Dirk Schumacher
KfW-ifo Skilled Labour Barometer June 2026
08.06.2026 │Tag der jungen Wirtschaft, Wirtschaftsjunioren Deutschland
KfW Research, KfW Group, Palmengartenstrasse 5-9, 60325 Frankfurt, Germany,
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