The world economy continues on its upward growth path, with global production expected to grow by 3.7 percent this year and slightly more than that in 2018. The economies in both the developed and the emerging countries are gaining momentum. Solid output growth is expected for the U.S. and euro area over the forecast period; China’s growth rates remain high, though they are declining somewhat; ...
The German economy's upward growth trend continues, with the economic output expected to increase by 1.4 percent this year with slightly overloaded capacities. Employment growth remains strong with the creation of 600,000 new jobs, which has in turn led to an increase in private consumption – one of the key growth drivers of the German economy. The higher inflation rates are dampening purchasing ...
Mr. Fichtner, will the German economy be able to maintain 2016’s growth momentum over the course of the current year? Although Germany’s economic growth will be a bit lower in 2017, this is primarily due to the fact that there are fewer workdays this year than there were last year – and not because the economy is running out of steam. Another factor is the recent sharp increase in ...
The miraculous story of Iceland, from economic disaster to full recovery within a few years only has been widely reflected by economists, the media and the public. Iceland was hit hard by the global financial crisis. Sustainable economic strategy, from radical first rescue mission steps to the recent lifting of curreny restrictions, proofed to be successful. What is the outcome and key...
The cumulative growth rate of the German economy since reunification would have been around two percentage points higher if income inequality had remained constant. This is what simulations using the DIW Macroeconomic Model have shown. They were made under the assumption that the income distribution dynamics would not be influenced by any feedback effects of economic growth. In 2015, Germany’s ...
Mr. Fichtner, DIW Berlin examined the relationship between rising income inequality and economic growth. Would Germany have higher growth if income inequality had not risen in recent years? Yes, Germany’s economic growth would actually have been somewhat higher if income inequality had not sharply increased between 1991 and 2015. The German economy showed an unre - alized growth potential of ...
Joint event between DIW Berlin, WZB, HU Berlin, and TU Berlin, organized by WZB.
In recent years, early childhood education and care (ECEC) services have received increasing attention from researches and policy makers in many OECD countries. A growing body of interdisciplinary literature shows that attendance of ECEC services of higher quality is consistently positively associated with children’s cognitive and socio-emotional development. This is an important finding....
This paper examines the effects of a substantial change in publicly funded paid parental leave in Germany on child development and socio-economic development gaps. For children born before January 1, 2007, parental leave benefits were means-tested and paid for up to 24 months after childbirth. For children born thereafter, parental leave benefits were earnings-related and only paid for up to 14 months. ...
