The need for further investment in equipment and infrastructure to support long-term economic growth in Germany was expressed by the German leasing association Bundesverband Deutscher Leasing-Unternehmen (BDL).
Horst Fittler, chief executive at BDL, said that the current economic recovery is predominantly triggered by private consumption and characterized the investment levels as ‘disappointing’. The investment gap in Germany has been estimated at around 80bn a year.
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Economic researchers anticipated a ‘moderate increase’ in investment, but Fittler said those levels would not be enough to cover the investment gap.
"For the current year, they estimate investment in equipment and other assets to increase by 4.4% in 2015 and 3.7% in 2016. However, this is not enough to close the existing investment gap in Germany," said Fittler.
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By GlobalData
