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  • Press Release

    Joint Economic Forecast Spring 2024: Headwinds from Germany and abroad: institutes revise forecast significantly downwards

    According to Germany’s five leading economic research institutes, the country’s economy shows cyclical and structural weaknesses. In their spring report, they revised their GDP forecast for the current year significantly downward to 0.1 percent. In the recent fall report, the figure was still 1.3 percent. Expectations for the coming year are almost unchanged at 1.4 percent (previously 1.5 percent). ...

    27.03.2024
  • Press Release

    Joint Economic Forecast: Purchasing power returns ‒ political uncertainty high

    According to the Joint Economic Forecast, Germany's gross domestic product declines by 0.6% in 2023. This is a strong downward revision of 0.9 percentage points from the forecast made in spring 2023. "The most important reason for this revision is that industry and private con­sumption are recovering more slowly than we expected in spring," says Oliver Holtemöller, Vice President and Head of the Macroeconomics ...

    28.09.2023
  • Press Release

    Joint Economic Forecast: From Pandemic to Energy Crisis: Economy and Politics under Permanent Stress

    The German economy is steering through difficult waters and faces the highest inflation rates in decades. In their spring report, the leading German economic research institutes revise their outlook for this year significantly downward. The recovery from the COVID-19 crisis is slowing down as a result of the war in Ukraine, but remains on track. The institutes expect GDP to increase by 2.7 and 3.1 ...

    13.04.2022
  • Press Release

    Joint Economic Forecast: Crisis is gradually being overcome – align actions to lower growth

    The Corona pandemic still shapes the economic situation in Germany. A complete normalisation of contact-intensive activities is not to be ex­pected in the short term. In addition, supply bottlenecks are ham­pering manufacturing for the time being. The German economy will reach nor­mal capacity utilisation in the course of 2022. In their autumn report, the leading economic research institutes ...

    14.10.2021
  • Press Release

    German economy will first pick up speed in 2022

    DIW Berlin forecasting experts are lowering their forecast for 2021 from 3.2 to 2.1 percent - Supply bottlenecks and material shortages are weighing on German industry - Private consumption remains restrained - With growth of just under five percent, the German economy will pick up speed in 2022 once bottlenecks have been overcome and infection rates have fallen on a sustained basis - Inflation no ...

    16.09.2021
  • Press Release

    Pandemic delays upswing – Demography slows growth

    In their spring report, the leading economic research institutes forecast an increase in gross domestic product of 3.7 percent in the current year and 3.9 percent in 2022. The renewed shutdown is delaying the economic recovery, but as soon as the risks of infection, particularly from vaccination, have been averted, a strong recovery will begin. The economy is likely to return to normal output levels ...

    15.04.2021
  • Press Release

    Joint Economic Forecast: Recovery Loses Momentum - Economy and Politics Still Shaped by the Pandemic

    The corona pandemic leaves substantial marks in the German economy and its impact is more persistent than assumed in spring. In their autumn report, the leading German economic research institutes have revised their economic outlook downwards by roughly one percentage point for both this and next year. They now expect gross domestic product to fall by 5.4 percent in 2020 (previously -4.2%) and to grow ...

    14.10.2020
  • Press Release

    Joint Economic Forecast: Economy in Shock – Fiscal Policy to Counteract

    The coronavirus pandemic is triggering a severe recession in Germany. Economic output will shrink by 4.2 percent this year. This is what the leading economics research institutes expect in their spring report. For next year, they are forecasting a recovery and growth of 5.8 percent. Gross domestic product is likely to have shrunk by 1.9 percent in the first quarter of 2020 alone. In the second quarter, ...

    08.04.2020
  • Press Release

    Joint economic forecast autumn 2019: Economy Cools Further – Industry in Recession

    Press release of the project group "Gemeinschaftsdiagnose": German Institute for Economic Research (DIW Berlin), Halle Institute for Economic Research (IWH) – Member of the Leibniz Association, ifo Institute – Leibniz Institute for Economic Research at the University of Munich in cooperation with the KOF Swiss Economic Institute at ETH Zurich, Kiel Institute for the World Economy (IfW), ...

    02.10.2019
  • Press Release

    Joint economic forecast spring 2019: Significant Cooling of the Economy - Political Risks High

    Press release of the project group "Gemeinschaftsdiagnose": German Institute for Economic Research (DIW Berlin), Halle Institute for Economic Research (IWH) – Member of the Leibniz Association, ifo Institute – Leibniz Institute for Economic Research at the University of Munich in cooperation with the KOF Swiss Economic Institute at ETH Zurich, Kiel Institute for the World Economy (IfW), ...

    04.04.2019
  • Press Release

    German economy growing despite uncertainties and risks; global economy continuing to cool down

    According to DIW Berlin estimates, the German economy will continue its solid growth performance in 2019 and 2020. Overall, however, the economy is cooling noticeably and production capacity utilization is returning to normal. This is primarily due to the global economy weakening; it has been strained by China’s weakening economy, trade conflicts, and political uncertainties such as Brexit. The ...

    14.03.2019
  • Press Release

    Germany’s economic boom is cooling off

    According to DIW Berlin estimations, the German economy will continue to grow noticeably over the next two years. However, the economic boom is over as economic momentum is likely to cool off. DIW Berlin thus confirms its estimations from the late summer that the growth rate of the German economy is gradually returning to normal, overlaid by non-recurring effects. However, DIW Berlin is lowering its ...

    12.12.2018
  • Press Release

    German economy continues to grow moderately but risks remain

    According to DIW Berlin estimations, the German economy will continue on its current growth path over the next three years. This confirms the forecast from early summer that economic output will grow at a more moderate pace than previously. DIW Berlin’s forecast indicates growth of 1.8 percent for 2018, 1.7 percent for 2019, and 1.8 percent for 2020. In contrast to the strong export performance ...

    06.09.2018
  • Press Release

    The German economy is slowing down somewhat

    According to DIW Berlin estimates, the German economy should grow by 1.9 percent this year and 1.7 percent next year. The GDP growth forecast has thus decreased by 0.5 percentage points for this year and by 0.2 percentage points for the coming year compared to DIW Berlin’s March forecast. Essentially, this reflects the markedly increased uncertainty concerning the economic policy environment ...

    15.06.2018
  • Press Release

    Germany’s Economic Experts Raise Forecast Slightly

    Press release of the project group "Gemeinschaftsdiagnose": German Institute for Economic Research (DIW Berlin), Halle Institute for Economic Research (IWH), ifo Institute, Kiel Institute for the World Economy (IfW), RWI - Leibniz Institute for Economic Research

    19.04.2018
  • Press Release

    Joint Economic Forecast Autumn 2017: Upturn Remains Robust - Amid Mounting Tensions

    Press release of the project group "Gemeinschaftsdiagnose": German Institute for Economic Research (DIW Berlin), Halle Institute for Economic Research (IWH), ifo Institute, Kiel Institute for the World Economy (IfW), RWI - Leibniz Institute for Economic Research The German economic upturn has gained both in terms of strength and breadth. In addition to consumer spending, external trade and investments ...

    28.09.2017
  • Press Release

    Joint Economic Forecast Spring 2017: Upturn in Germany strengthens in spite of global economic risks

    Press release of the project group "Gemeinschaftsdiagnose": German Institute for Economic Research (DIW Berlin), Halle Institute for Economic Research (IWH), ifo Institute, Kiel Institute for the World Economy (IfW), RWI - Leibniz Institute for Economic Research

    12.04.2017
  • Press Release

    Despite political uncertainty, German economy continues to expand – even as employment growth slows down

    German economy’s growth rate will drop next year, primarily due to calendar effects – labor market expansion losing some momentum – numerous risks for the global economy According to a new forecast by the German Institute for Economic Research (DIW Berlin), the German economy’s upward trend will continue through 2017 and 2018 – even though the current global economy is ...

    20.12.2016
  • Press Release

    Joint economic forecast: German economy on track – economic policy needs to be realigned

    Thanks to a stable job market and solid consumption, the German economy is experiencing a moderate upswing. The GDP is expected to increase by 1.9 percent this year, 1.4 percent in 2017, and 1.6 percent in 2018, according to the Gemeinschaftsdiagnose (GD, joint economic forecast) that was prepared by five of Europe’s leading economic research institutes on behalf of the Federal Government. The ...

    29.09.2016
  • Press Release

    German economy temporarily losing momentum

    DIW Berlin short-term economic forecast: German GDP will increase by 1.9 percent in 2016, 1.0 percent in 2017, and 1.6 percent in 2018 – Brexit decision temporarily hindering growth – unemployment continues to fall, but wage increases are also slowing down – public budgets will end all three years with surpluses According to the latest economic forecast from the German Institute ...

    13.09.2016
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