03/2026 – Funding the Future

The future cannot be postponed – it begins with the decisions we make today. Investments, reforms and policy choices often take years to unfold. But how can investments be directed in a way that ensures long-term growth and stability?

In the latest issue of ZEW Monthly, with a focus on “Funding the Future”, we explain why a forward-looking federal budget must firmly anchor future-oriented expenditures and how important investments in education and health are for increasing productivity in these sectors. In light of recent events, we also provide insights into the economy’s reactions to the geopolitical situation in the Middle East and the expectations associated with it.