German economy on a recovery path

Infografik of March 19, 2026

The infographic of the DIW Weekly Report 11/2026 shows a line chart depicting Germany’s annual GDP growth rates from 2020 to 2027. Along the vertical axis, values range from –8% to +8%. Along the horizontal axis, the years 2020 through 2027 are displayed. A single line represents the year‑on‑year GDP growth rate. The curve shows a sharp decline to –4.1% in 2020, followed by a recovery toward positive values in 2021 and 2022. Growth reaches around 3.9% in 2022, then declines again to 0.2% in 2023. For the forecast period (2024–2027), the line shows moderate positive growth: 1.0% in 2024, 1.4% in 2025, –0.5% in 2026, and –0.9% in 2027. Below the title, a subtitle summarizes the interpretation: “German economy on a recovery path — Iran war and trade conflicts dampen growth only slightly.” The chart also includes labeled components indicating how consumption, investment, exports, and imports contribute to total GDP growth, expressed in percentage points, though these components are not individually graphed. At the bottom, the source is cited as “DIW Economic Forecast Spring 2026.” A CC BY 4.0 license notice is shown.

Topics: Business cycles

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