Business, tax and funding
IW
Abbreviation for Institut der deutschen Wirtschaft
In short and in plain language
The IW is a German institute that studies the economy. It is based in Cologne.
It puts out studies on the economy, jobs and small and mid-sized firms.
One topic is the lack of skilled workers.
Firms can use these studies to compare. This can help, for example, when they look for staff.
Definition
The IW, known in English as the German Economic Institute, is an economic research institute based in Cologne. It publishes studies on the economy, the labour market and small and mid-sized companies, for example on skills shortages. Such studies give businesses reference values, for example when looking for staff.