Joint Economic Forecast for Germany

Every spring and autumn, leading German economic institutes examine the country’s economic health on behalf of the German government. The so-called Joint Economic Forecast consists of comprehensive analysis and projection of German and international economic development. Also included is an evaluation of monetary and fiscal policy as well as current economic policy analysis.

The Joint Economic Forecast, which has been published since 1950, is widely noted and has conferred substantial prestige on the institutes involved. The results of the appraisal are presented to the public at the Federal Press Conference and are discussed by a group of experts and representatives of the Federal Ministry for Economic Affairs and Energy and the Federal Ministry of Finance. In addition, the Joint Economic Forecasts form a binding basis for the Ministry of Finance’s tax revenue estimate.

Since 2007, KOF has been involved in the Joint Economic Forecasts as junior partner of external pageifo Instituecall_made– Leibniz Institute for Economic Research at the University of Munich. KOF primarily represents the consortium in the area of international and European economic development. In the 2016 tender round, ifo and KOF were once again included in the group of experts.

The other representatives consist of the German Institute of Economic Research (external pageDIWcall_made), Berlin, in cooperation with the Austrian Institute of Economic Research (external pageWIFOcall_made), Vienna, the Halle Institute for Economic Research (external pageIWHcall_made), the external pageRWIcall_made - Leibniz-Institute for Economic Research, Essen, in cooperation with the Institute for Advanced Studies, Vienna (external pageIHScall_made) and the Kiel Institute for the World Economy (external pageIfWcall_made).