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Joint Economic Analyses

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 Spring 2015

    A Strong Upswing Thanks to Cheap Oil and a Weak Euro

    Apr 16, 2015: The German economy is experiencing a strong upturn driven by unexpected expansive impulses, especially the falling oil price and the sharp depreciation of the euro. Gross domestic product is expected to increase by 2.1 percent this year. The 68 percent projection interval ranges from 1.1 percent to 2.8 percent. Consumption is the driving force behind the upturn. The rest of the euro area is also expected to produce slightly positive impulses, meaning that international trade will contribute to growth. The pace of growth is only expected to slow slightly in the year ahead. The euro’s depreciation will continue to stimulate the economy, while the positive effects of the lower oil price are expected to fade. Public budgets will show significant surpluses of over twenty billion euros in 2015 and 2016 respectively. In view of large structural surpluses, time is ripe to make the income tax rate more performance-oriented – especially for small and medium-sized companies. Details

Members of the Joint Economic Forecast Project Group

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

Halle Institute for Economic Research (IWH) [www.iwh-halle.de]
in co-operation with:
Kiel Economics Research & Forecasting [www.kieleconomics.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