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Spring 2014 Joint Economic Forecast: German Economy on the Upturn - Headwinds from Economic Policy

Report of April 16, 2014

In spring 2014, the German economy is experiencing an upturn. Gross domestic product (GDP) is forecast to increase by 1.9 percent this year, the 68-percent forecast interval ranges from 1.2 percent to 2.6 percent. The driving force is domestic demand. The rise in consumer prices this year is moderate, at 1.3 percent. Employment growth is expected to remain strong in 2014. In 2015, GDP is expected to rise by 2.0 percent, the rise in consumer prices will accelerate to 1.8 percent. However, the economy is experiencing headwinds from economic policy, including reforms to the pension system and the introduction of a minimum wage in 2015.

The report in German you can find in DIW Wochenbericht 16/2014. (PDF, 1.41 MB)

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