Mr. Fichtner, the German economy’s growth rates have been quite favorable lately. What will next year look like?
For 2017, we’re expecting a marked slowdown in the growth rate for Germany. However, this is mostly due to a statistical effect: 2017 will have fewer workdays (and thus lower growth) due to the fact that more holidays will fall on weekdays than in 2016. On top of that, we are ...
Mr. Schupp, more than 2300 refugees above the age of 18 have been interviewed in a representative survey. Which countries do these refugees come from?
For the first time, we have drawn a representative picture of the influx of refugees to Germany between January 2013 and January 2016. The large majority of refugees in our sample—about 60 percent—came from Syria, but we also have ...
Thanks to a stable job market and solid consumption, the German economy is experiencing a moderate upswing. The GDP is expected to increase by 1.9 percent this year, 1.4 percent in 2017, and 1.6 percent in 2018, according to the Gemeinschaftsdiagnose (GD, joint economic forecast) that was prepared by five of Europe’s leading economic research institutes on behalf of the Federal Government. The ...
DIW Berlin short-term economic forecast: German GDP will increase by 1.9 percent in 2016, 1.0 percent in 2017, and 1.6 percent in 2018 – Brexit decision temporarily hindering growth – unemployment continues to fall, but wage increases are also slowing down – public budgets will end all three years with surpluses
According to the latest economic forecast from the German Institute ...
Dr. Fichtner, Germany’s economic development has become less stable overall. How long will it remain this way?
Our prognosis for 2017 has changed quite a bit since June: we now predict that the Brexit decision will have a significant negative impact on growth, and have thus lowered the projected growth rate from 1.4 percent to 1 percent. Growth will turn out to be slightly higher ...
DIW Berlin study shows that Brexit vote-related uncertainty will do considerable damage to the European and German economies in a way that will be noticeable even two years from now – since the German economy is primarily affected by sinking business investment, policy should be more oriented toward promoting investment
Uncertainty plays a major role in the economy overall – but what are ...
Brexit putting a strain on trade and dampening investment across the globe – German economy likely to be affected – uncertainty about exports – investment will be restrained, and both income and consumption will lose momentum
Due to the Brexit decision, the German economy is expected to grow by 0.1 percentage points less this year and by 0.3 percentage points less next year than ...
Dr. Fichtner, will the result of the British referendum to leave the EU send the UK and perhaps even the entire EU into economic crisis?
We believe that economic growth in the UK has already been dampened somewhat in the short term by this result. It will have a noticeable impact on economic growth in the UK. The decision is also relevant for the rest of Europe, of course, because weaker UK growth ...
DIW Berlin forecast: GDP is expected to increase by 1.7 percent this year and 1.4 percent next year – consumer spending still a growth driver, but expanding with less momentum than before – global economy failing to gain traction – Brexit would significantly hinder growth
According to the German Institute for Economic Research’s new summer forecast, the German economy—backed ...
Mr. Fichter, the German economy has recently been experiencing a moderate upswing. Can we expect more momentum in the future?
Germany’s economic development is overall very stable. Although the strong start at the beginning of the year was followed by a somewhat weaker second quarter, we are expecting steady, moderate growth and a very balanced development of the German economy for the second ...
Supported by dynamic domestic demand, the German economy is expected to grow by 1.7 percent this year. As consumption and investment in construction are likely to weaken in the coming year, is hardly contributing to growth 2017 should amount to roughly 1.4 percent. Foreign trade is contributing relatively little to growth. In both years of the forecast period, capacities will be at more or ...
DIW Berlin’s forecast: GDP to rise by 1.6 percent in 2016 – robust labor market, wage increases, and refugee expenditure fueling consumption – investment and global economy inhibiting growth
According to the German Institute for Economic Research (DIW Berlin), the German economy is expected to grow by 1.6 percent this year, despite a gloomy global economy. This prognosis is similar ...
Mr. Junker, what kind of growth should we expect for the German economy?
The German economy is expected to grow by 1.6 percent this year, which is a bit weaker than we had forecasted this past winter. This slight downward revision is primarily due to the fact that industry experienced a weak phase over the past six months, especially in the final quarter of 2015. The major reason for this was ...
DIW Berlin’s economic forecast: GDP growth will remain stable over the next two years – domestic economy benefiting from favorable labor market situation and expenditure on asylum seekers – public sector has surpluses, but margins are tightening The German economy is expected to continue in its upward growth over the next two years: According to the latest economic forecasts from ...
Mr. Junker, what kind of growth figures are you expecting for the German economy?
The growth of the German economy will be slightly above average over the next few quarters. But this is also connected with special factors like higher consumption due to, among other things, the increasing number of refugees. The German economy is expected to grow by about 1.7 percent this year, and will be somewhat ...
DIW Berlin’s construction volume calculations: construction industry remains a key pillar of the German economy—need for action in energy-efficient refurbishment and in accommodating refugees
The construction industry remains a key pillar of the German economy: buildings worth a total of around 338 billion euros will have been constructed or modernized in Germany by the end of this year—2.7 ...
Dr. Michelsen, how important has the construction industry been for the German economy in recent years?
After the construction industry hit rock bottom in the first decade of this century, it has recovered considerably since 2010. It is now an important pillar of the German economy and contributes significantly to growth in the country. Since 2010, we have seen a sharp increase in the volume of construction. ...
DIW economists simulate various scenarios based on different assumptions – in every projected scenario, investment pays off in the longer term – successful integration will increase per capita income of Germany’s current population
The recent influx of refugees has created enormous challenges for politicians and society at large - but according to a simulation conducted by economists ...
Persistent lack of investment among municipalities – social expenditures diminishing financial leeway – structurally weak regions threatening to fall further behind – DIW experts recommend temporarily making use of solidarity contributions to relieve municipalities of social expenditures
Investment in public infrastructure is critical for ensuring competitiveness and creating growth ...
Mr. Fratzscher, you’ve been making a case for more investment in Germany for quite some time now. Has there been any improvement in this area?
No, the situation in Germany has essentially shown no improvement. In both private and public investment, we continue to see major weaknesses. The net investment of many municipalities and many states are negative. [...]
This interview with Prof. Marcel ...