German economy will not grow again until 2026

Infografik of March 20, 2025

Image Description: The image is a bar and line chart titled "German economy will not grow again until 2026; private consumption will then support the economy more than in 2025." It illustrates the individual components' contribution to overall GDP growth in percentage points from 2019 to 2026. Chart Components: Title: "German economy will not grow again until 2026; private consumption will then support the economy more than in 2025." Subtitle: "Individual components' contribution to overall GDP growth in percentage points." Source: DIW Berlin Economic Outlook Spring 2025. Date: 10+11 2025. Data Representation: Y-Axis: Represents percentage points ranging from -8 to 8. X-Axis: Represents years from 2019 to 2026. Bars: Different colors represent various economic components: Consumption (Teal) Investment (Light Blue) Exports (Yellow) Imports (Orange) Line: Brown line indicating year-on-year GDP growth in percent. Key Data Points: 2019: GDP growth at 1.0%, with positive contributions from consumption and exports. 2020: Significant drop in GDP growth to -4.1%, with negative contributions from all components. 2021: GDP growth rebounds to 3.7%, driven by consumption and exports. 2022: GDP growth at 1.4%, with balanced contributions. 2023: Slight negative GDP growth at -0.3%. 2024: Forecasted GDP growth at -0.2%. 2025: Forecasted GDP growth at 0.0%. 2026: Forecasted GDP growth at 1.1%, with increased support from private consumption. Forecast Section: The years 2024 to 2026 are highlighted in a light blue background, indicating forecasted data.

© DIW Berlin

Topics: Business cycles

Geraldine Dany-Knedlik
Geraldine Dany-Knedlik

Head of Forecasting Department in the Macroeconomics Department

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