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Joint Economic Forecast Autumn 2013

Economy Picking up – Put Budget Surpluses to Good Use

Oct 17, 2013

The German economy is on the verge of an upturn driven by domestic demand. The improving global economic climate and decreasing uncertainty are fuelling investment. Private consumption is benefitting from favourable employment and income prospects. Real gross domestic product looks set to grow by 1.8 percent in 2014, after an increase of just 0.4 percent this year. Consumer prices are expected to rise by a moderate 1.6 percent this year and by 1.9 percent next year. The German public budget will continue to show a surplus.

Publication (in German)

  1. Projektgruppe Gemeinschaftsdiagnose, "Konjunktur zieht an – Haushaltsüberschüsse sinnvoll nutzen", ifo Schnelldienst 66 (20), 2013, 03-60 | Details | PDF Download


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Members of the Joint Economic Forecast Project Group

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

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

Halle Institute for Economic Research (IWH) []
in co-operation with:
Kiel Economics Research & Forecasting []

RWI Essen []
in co-operation with:
Institute for Advanced Studies, Vienna []


Prof. Dr. Timo Wollmershäuser

ifo Institute
ifo Center for Business Cycle Analysis and Surveys
Phone: +49(0)89/9224-1406
Fax: +49(0)89/907795-1406
Email: wollmershaeuser @

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