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Joint Economic Forecast

Twice a year, in the spring and autumn, the Joint Economic Forecast Project Team prepares a report on the state of economic activity in the world and in the German economy.

Current publication

  1. Joint Economic Forecast Autumn 2016

    German economy on track – economic policy needs to be realigned

    Sep 29, 2016: The German economy is experiencing a moderate recovery: the GDP is expected to grow by 1.9 percent this year, 1.4 percent next year, and 1.6 percent in 2018. Over the course of the forecast period, capacity utilization will be somewhat higher than the long-term average. Nevertheless, corporate investment’s contribution to the current upswing is minimal: the global economy is generating only minor stimulating effects, which means that exports are only increasing moderately; as well, the extremely low interest rates on the capital market are likely to reflect not only the current monetary policy, but also the low growth expectations. All of these factors are inhibiting equipment investment, and thus consumption continues to be the main growth driver. Private consumption is benefiting from the sustained increase in employment; the high expenditure for housing and integrating the refugees is still having a strong impact on public spending. Residential construction is getting a boost from the low interest rates. Details

Members of the Joint Economic Forecast Project Group

Deutsches Institut für Wirtschaftsforschung (DIW), Berlin [www.diw.de]
in co-operation with:
The Austrian Institute of Economic Research WIFO, Vienna [www.wifo.ac.at]

Ifo Institute – Leibniz Institute for Economic Research at the University of Munich [www.ifo.de]
in co-operation with:
Swiss Institute of Business Cycle Research (KOF), ETH Zurich [www.kof.ethz.ch]

Institut für Weltwirtschaft an der Universität Kiel [www.ifw-kiel.de]

Halle Institute for Economic Research (IWH) [www.iwh-halle.de]

RWI Essen [www.rwi-essen.de]
in co-operation with:
Institute for Advanced Studies, Vienna [www.ihs.ac.at]


Short URL: www.ifo.de/w/73MPbbsS