Press Releases

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 KOF Swiss Economic Institute is part of the Joint Economic Forecast as a consortium partner of the ifo Institute, Munich. The recovery from the COVID-19 crisis is slowing down as a result of the war in Ukraine, but remains on track.

The Corona pandemic still shapes the economic situation in Germany. The German economy will reach normal capacity utilisation in the course of 2022. In their autumn report, the leading economic research institutes – amongst them the ifo Institute in cooperation with the KOF Swiss Economic Institute – forecast that Gross Domestic Product (GDP) will rise by 2.4% in 2021 and by 4.8% in 2022.

In their spring report, the leading economic research institutes -  amongst them the ifo Institute in cooperation with the KOF Swiss Economic Institute - 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 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 economic research institutes - amongst them the ifo Institute and KOF - 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 by 4.7 percent (5.8%) in 2021 and 2.7 percent in 2022.

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 - amongst them the ifo Institute and KOF Economic Institute - expect in their spring report. For next year, they are forecasting a recovery and growth of 5.8 percent.

Germany’s leading economics research institutes and their international partners have revised their forecasts for economic growth in 2019 significantly downward. They expect Germany’s GDP to increase by 0.8%. This is more than one percentage point less than in autumn 2018, when the forecast was still for 1.9% growth. In contrast, the institutes confirm their previous forecast for 2020: GDP is expected to increase by 1.8%. These are the results of the Joint Economic Forecast for spring 2019.

Germany’s leading economics research institutes and their international partners have downwardly revised their forecasts for 2018 and 2019. They now expect economic output to increase by 1.7 percent in 2018, and not 2.2 percent as forecast in spring. They also scaled back their 2019 forecast slightly from 2.0 to 1.9 percent. These are the results of the Joint Economic Forecast for autumn 2018 that will be presented in Berlin on Thursday.

Germany’s leading economic experts and their international cooperation partners raised their forecasts for 2018 and 2019 for the German economy slightly in their Spring Joint Economic Forecast released on Thursday in Berlin. They now expect economic growth of 2.2 per cent for this year and 2.0 per cent for 2019, versus 2.0 per cent and 1.8 per cent respectively in their autumn forecast.