Joint Economic Forecast
The Joint Economic Forecast analyses and forecasts the economic situation in Germany. The forecasts are conducted twice a year: one forecast is published in spring followed by another in autumn. The Joint Economic Forecasts act as a point of reference fort he forecasts made by the German federal government. The Joint Economic Forecast is a joint research project conducted by several economic research institutes. Their cooperation is characterised by a dialogue between different competing theoretical and methodical approaches, forming the best possible basis for analysis and forecasts.
The Joint Economic Forecast will be presented at 11 a.m. CEST on 12 April 2017 at a federal press conference in Berlin and will be available online at this time. read on Next Internet Publication Date of the Joint Economic Forecast: 12 April 2017 11:00 AM CEST
Joint Economic Forecast Autumn 2016
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
Institut für Weltwirtschaft an der Universität Kiel [www.ifw-kiel.de]
Halle Institute for Economic Research (IWH) [www.iwh-halle.de]