![Angela Merkel is seen during election night event at the CDU's party headquarters](https://s.wsj.net/public/resources/images/FN-AB628_FN_MER_M_20170925050537.jpg)
The next German government will face economic-policy challenges in five key areas: digitalisation and automation, demographic change, globalisation, climate change, and European integration.
With respect to digitalisation, Germany tends to fluctuate between excessive enthusiasm for expanding fiber-optic networks and fear of the impact of new, largely unregulated business models, such as those underpinning avatars of the “sharing economy” like Uber and Airbnb.