The number of Germans who need a second job to make a living has soared to a new high in recent years. Official data provided by the central labor agency showed millions have pursued more than one job to make ends meet.
Hundreds of thousands of new jobs in Germany are being done by workers from Eastern Europe, according to government figures. Employment figures in July were 700,000 higher than in the previous year.
A detailed study of competitiveness in the global economy ranks the US top of the 140 countries included. The report suggests that few governments have begun to plan for the impact of the fourth industrial revolution.
It seems like bad news is springing up from many major economies. Although it's too early to talk of a doomsday scenario, the risks should no longer be ignored, says DW's Henrik Böhme.
The German government has lowered its forecasts for growth this year and next due to an increasingly tight labor market and risks associated with Britain's exit from the European Union and global trade disputes.
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