The survey revealed that over 90% of businesses strongly supported reforms geared to enhancing the quality of education and training.15 These factors were deemed particularly relevant in the light of shifts towards knowledge-intensive skill sets, digitalisation and given long-standing structural deficits in engineering skills.
This could bolster productivity gains over the medium term. The same applies to investment in hardware and software, which was ramped up significantly by enterprises in 2020 and 2021.