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Joint Economic Forecast Autumn 2014

German Economy Stagnating – Now is the Time To Strengthen Growth

Oct 9, 2014

The German economy has cooled down. Gross domestic product (GDP) is expected to grow by 1.3 percent. The 68 percent projection interval ranges from 1.1 percent to 1.5 percent. The weakened world economy and subdued investment activity are acting as the main checks on economic development. Production will expand by 1.2 percent in the year ahead. However, the fact that 2015 will have more working days also has a role to play; and the expansion rate is only expected to be 1.0 percent after adjustments for calendar effects. In this environment the focus of economic policy should now be on strengthening growth and creating favourable investment conditions. A certain scope exists for using proactive fiscal policy to achieve this goal.

Publication (in German)

  1. Projektgruppe Gemeinschaftsdiagnose, "Deutsche Wirtschaft stagniert – Jetzt Wachstumskräfte stärken", ifo Schnelldienst 67 (20), 2014, 03-61 | 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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