Ifo urges strategy for billions of infrastructure

The head of the Institus für Wirtschaftsforschung (Ifo) has called for a clear strategy for the expenditure of the funds for the approved infrastructure special fund. This includes that the future federal government will develop a target for the infrastructure in 2040.

Following the resolution of a 500 billion euro special fund for infrastructure, Ifo CEO Clemens Fuest is calling for a strategy for spending the funds. “We need a target image for infrastructure in 2040,” Fuest told the “Spiegel.” “In any case, this should include the existing transport routes working very well.” Although the state should not define the future of the entire economy, “it must already know how it wants to design its infrastructure…