Dr Jim Yong Kim in Frankfurt am Main: On 9 June, the President of the World Bank Group was at the Goethe University on invitation of the Bundesbank to give a lecture on "Developing countries within the current global economic environment".

The digital transformation creates scope to make workflows and production processes more efficient. To quantify the impact of digital transformation on labour productivity, research often focuses on investments in digital technologies. This perspective neglects the fact that digital intermediate inputs, such as microchips or integrated software, also represent an important transmission channel for the efficiency gains from digitalisation. In a new study, Bundesbank researchers have examined how efficiency gains in the digital sectors have affected labour productivity in Germany, France and the United States.

Video of the entire press conference.