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Press Release
According to the Joint Economic Forecast, Germany's gross domestic product declines by 0.6% in 2023. This is a strong downward revision of 0.9 percentage points from the forecast made in spring 2023. "The most important reason for this revision is that industry and private consumption are recovering more slowly than we expected in spring," says Oliver Holtemöller, Vice President and Head of the Macroeconomics ...
28.09.2023
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Press Release
Second survey wave of around 7,000 Ukrainians on their life situations and progress in social participation
For the second time, Ukrainians who fled because of the Russian war of aggression were interviewed about their life in Germany. Key results are: At the beginning of 2023, almost half of the respondents intend to stay in Germany in the longer term. The number of people in employment has increased ...
12.07.2023
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DIW focus
The energy and climate crisis enhance the need for energy savings. In the building sector, these savings can be achieved primarily through thermal retrofitting. So far, progress in this area has been slow. To date, less than one percent of the residential building stock in Germany is retrofitted each year. The existing support programs alone offer too little reliability for the necessary...
13.03.2023| Sophie Behr, Merve Küçük, Karsten Neuhoff
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Statement
Marcel Fratzscher, President of the German Institute for Economic Research (DIW Berlin), comments on the results of today’s meeting of the European Central Bank (ECB):
21.07.2022| Marcel Fratzscher
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DIW focus
The Russian war on Ukraine and Germany’s dependence on Russian gas require a rethink of German energy supplies. While there is a heated debate about an immediate energy embargo, Russia could also stop its supplies at any time. To date, Germany has purchased around 55 percent of its natural gas from Russia. DIW Berlin has developed scenarios for how the German energy system could become...
13.04.2022| Franziska Holz, Claudia Kemfert, Robin Sogalla
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Press Release
The German economy is steering through difficult waters and faces the highest inflation rates in decades. In their spring report, the leading German economic research institutes revise their outlook for this year significantly downward. The recovery from the COVID-19 crisis is slowing down as a result of the war in Ukraine, but remains on track. The institutes expect GDP to increase by 2.7 and 3.1 ...
13.04.2022
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Press Release
The Survey of Health, Ageing and Retirement in Europe (SHARE) will enrich the science location Berlin. The founding partners now signed the partnership agreement for the new SHARE Berlin Institute. SHARE will in future be embedded in a collaboration of four leading research institutions: the WZB Berlin Social Science Center, the German Institute for Economic Research (DIW Berlin), the Charité ...
29.03.2022
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Press Release
The Corona pandemic still shapes the economic situation in Germany. A complete normalisation of contact-intensive activities is not to be expected in the short term. In addition, supply bottlenecks are hampering manufacturing for the time being. The German economy will reach normal capacity utilisation in the course of 2022. In their autumn report, the leading economic research institutes ...
14.10.2021
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Press Release
DIW Berlin forecasting experts are lowering their forecast for 2021 from 3.2 to 2.1 percent - Supply bottlenecks and material shortages are weighing on German industry - Private consumption remains restrained - With growth of just under five percent, the German economy will pick up speed in 2022 once bottlenecks have been overcome and infection rates have fallen on a sustained basis - Inflation no ...
16.09.2021
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Press Release
In their spring report, the leading economic research institutes forecast an increase in gross domestic product of 3.7 percent in the current year and 3.9 percent in 2022. The renewed shutdown is delaying the economic recovery, but as soon as the risks of infection, particularly from vaccination, have been averted, a strong recovery will begin. The economy is likely to return to normal output levels ...
15.04.2021
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Statement
The EU Commission has approved Google's acquisition of the fitness tracker manufacturer Fitbit. Here is a statement from competition economist Tomaso Duso, Head of the Firms and Markets Department at the German Institute for Economic Research (DIW Berlin):
17.12.2020| Tomaso Duso
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Statement
DIW president Marcel Fratzscher comments today’s announcements by the ECB as follows:
10.12.2020| Marcel Fratzscher
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Blog Marcel Fratzscher
With the Brexit negotiations now in their final days, it is crucial that the European Union break the impasse and secure a deal. If Europe cannot even forge an agreement to establish its long-term relationship with the United Kingdom, it will have little chance of becoming a global power in its own right.
This week, we will finally know whether a Brexit deal can be agreed. Whatever is decided, it ...
08.12.2020| Marcel Fratzscher
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Press Release
The corona pandemic leaves substantial marks in the German economy and its impact is more persistent than assumed in spring. In their autumn report, the leading German economic research institutes have revised their economic outlook downwards by roughly one percentage point for both this and next year. They now expect gross domestic product to fall by 5.4 percent in 2020 (previously -4.2%) and to grow ...
14.10.2020
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DIW focus
The deployment of a safe and effective vaccine for Covid-19 will be central to lifting containment measures. In a bid to speed up vaccine deployment, governments are entering into ‘Advance Purchase Agreements’ (APAs) with vaccine companies to secure access to vaccine doses. We document and compare the vaccine procurement strategies of the US and the EU. Most notably, we find that both...
11.09.2020| Jan Malek, Melissa Newham, Jo Seldeslachts
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DIW focus
Natural gas could play an increasing role in the German energy system following the coal exit decided in July 2020 by the German parliament. However, natural gas has no climate benefit compared to coal. What is more, Europe risks to become a battleground for the conflict between Russia and the United States. The construction of the Baltic Sea pipeline Nordstream 2 has set in motion a downward...
29.07.2020| Franziska Holz, Claudia Kemfert
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DIW focus
Already after the financial crisis in 2008/2009 there was a debate on whether elements aiming at sustainable development can be part of the stimulus packages and support the recovery of the economy. Despite the instinct of policy makers to prioritise battle-tested policies during a crisis, significant levels and different types of climate-friendly components were integrated in the 2009 stimulus...
11.05.2020| Olga Chiappinelli, Marius Clemens, Mats Kröger, Nils May, Karsten Neuhoff, Jörn C. Richstein, Xi Sun
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DIW focus
To cushion the economic effects of the coronavirus pandemic, central banks have taken far-reaching monetary policy measures. The US Federal Reserve has lowered its interest rates and, like the European Central Bank, has expanded its bond purchase programs. However, it is questionable whether these measures are having the desired effect of calming the markets and supporting the real economy. It is...
27.04.2020| Kerstin Bernoth, Geraldine Dany-Knedlik, Anna Gibert
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Press Release
The coronavirus pandemic is triggering a severe recession in Germany. Economic output will shrink by 4.2 percent this year. This is what the leading economics research institutes expect in their spring report. For next year, they are forecasting a recovery and growth of 5.8 percent.
Gross domestic product is likely to have shrunk by 1.9 percent in the first quarter of 2020 alone. In the second quarter, ...
08.04.2020
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DIW focus
The coronavirus pandemic, which began in December 2019 and is currently spreading rapidly around the world, is having a noticeable impact on the economy and thus also on the real estate market. Since the measures to curb the spread are causing economic activities to decline massively, small and medium-sized companies in the service, hospitality, and transport sectors in particular, but the self...
06.04.2020| Konstantin A. Kholodilin