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331 results, from 1
  • 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
  • DIW Weekly Report 1/2 / 2024

    Decline in Nominal Construction Volume Expected for the First Time since the Financial Crisis; Residential Construction Situation Worsening

    High construction prices and worsened financing conditions are weighing on the construction industry, especially build-ing construction. Despite a nominal increase of six percent in construction expenses in 2023, it decreased by just over one percent in inflation-adjusted terms. In 2024, the nominal construction volume is likely to contract by around 3.5 percent, declining for the first time since ...

    2024| Martin Gornig, Laura Pagenhardt
  • 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
  • DIW Weekly Report 50/51/52 / 2023

    DIW Berlin Economic Forecast: Forecast Ranges from Cloudy to Bright

    The recovery of the German economy is becoming an exercise in patience. In the third quarter of 2023 the economy fared worse than expected, in particular because private households continued to spend their money conservatively despite climbing wages and falling inflation. Both private consumption and overall economic output even declined slightly. Now the next challenge has arrived: In November 2023, ...

    2023| Timm Bönke, Geraldine Dany-Knedlik, Guido Baldi, Hella Engerer, Pia Hüttl, Konstantin A. Kholodilin, Frederik Kurcz, Theresa Neef, Laura Pagenhardt, Werner Roeger, Marie Rullière, Jan-Christopher Scherer, Teresa Schildmann, Ruben Staffa, Kristin Trautmann
  • DIW Weekly Report 24 / 2023

    DIW Economic Outlook: German Economy Fighting Its Way out of Winter Recession

    The German economy has returned to a recovery course following a slight recession over the winter. Although the war in Ukraine, record inflation, and feared gas shortages have taken their toll on the German economy, a drastic slump failed to materialize. The German economy remained relatively unscathed, only experiencing a slight recession over the past six months; in the final quarter of 2022 and ...

    2023| Timm Bönke, Geraldine Dany-Knedlik, Guido Baldi, Hella Engerer, Pia Hüttl, Konstantin A. Kholodilin, Frederik Kurcz, Theresa Neef, Laura Pagenhardt, Werner Roeger, Marie Rulliere, Jan-Christopher Scherer, Teresa Schildmann, Ruben Staffa, Kristin Trautmann, Jana Wittich
  • Refereed essays Web of Science

    Inequality over the Business Cycle: The Role of Distributive Shocks

    This paper examines how wealth and income inequality dynamics are related to fluctuations in the functional income distribution over the business cycle. In a panel estimation for OECD countries between 1970 and 2016, although inequality is, on average countercyclical and significantly associated with the capital share, one-third of the countries display a pro- or noncyclical relationship. To analyze ...

    In: Macroeconomic Dynamics 27 (2023), 3, S. 571-600 | Marius Clemens, Ulrich Eydam, Maik Heinemann
  • DIW Weekly Report 10/11 / 2023

    DIW Berlin Economic Outlook: Global Economy Experiencing Robust Growth; Germany’s Recovery Is Delayed Further

    The German economy will likely contract in the first quarter of 2024 due to still heightened inflation and weak demand, which was already weighing on German economic output in 2023. Inflation, which is falling in both Germany and the euro area overall, is expected to return close to the European Central Bank's two-percent target, suggesting that a turnaround in interest rates can be expected in early ...

    2023| Timm Bönke, Guido Baldi, Hella Engerer, Pia Hüttl, Konstantin A. Kholodilin, Frederik Kurcz, Violetta Kuzmova-Anand, Theresa Neef, Laura Pagenhardt, Werner Roeger, Marie Rullière, Jan-Christopher Scherer, Teresa Schildmann, Ruben Staffa, Kristin Trautmann
  • DIW Weekly Report 36/37 / 2023

    German Economy Currently Scarcely Making Headway

    Following the winter recession and stagnation in the second quarter of 2023, the economic upswing is proceeding at a sluggish pace, contrary to expectations over the summer. Weak foreign demand and ongoing inflation have proven to be slowing economic growth. For the time being, private consumption is not driving the German economy and is likely to develop in the second half of 2023 only haltingly. ...

    2023| Timm Bönke, Geraldine Dany-Knedlik, Guido Baldi, Hella Engerer, Pia Hüttl, Konstantin A. Kholodilin, Frederik Kurcz, Theresa Neef, Laura Pagenhardt, Werner Roeger, Marie Rulliere, Jan-Christopher Scherer, Teresa Schildmann, Ruben Staffa, Kristin Trautmann, Jana Wittich
  • DIW Weekly Report 34/35 / 2023

    Meeting Climate Targets Can Only Spur on Economic Growth with the Right Combination of Measures

    Reducing carbon emissions is essential to meeting climate targets. What is unclear, however, is which measures are required to do so and what impact they would have on economic growth. In this Weekly Report, a macroeconomic model is used to observe four scenarios in comparison to a baseline scenario without emissions reduction. It is analyzed which effects different measures, such as technological ...

    2023| Timm Bönke, Geraldine Dany-Knedlik, Werner Roeger
  • DIW Weekly Report 1/2 / 2023

    Construction Boom Coming to an End; Change in Policy Strategy Needed

    Following the construction boom of recent years in Germany, inflation and supply bottlenecks hit the industry hard in 2022. While nominal construction volume increased by nearly 14 percent, it decreased by two percent when adjusted for inflation. Residential construction, which is urgently needed, was particularly affected. In 2023 and 2024, it is expected that investors will show restraint and that ...

    2023| Martin Gornig, Laura Pagenhardt
331 results, from 1
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