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Gunter Grittmann
Head of Information and Communication
E-mail: grittmann@zew.de
Phone: +49 (0)621-1235-132
Fax: +49 (0)621-1235-255
Kathrin Böhmer
Public Relations Officer
E-mail: boehmer@zew.de
Phone: +49 (0)621-1235-103
Fax: +49 (0)621-1235-255
Positive signals for the German economy in the spring of 2013: the financial market situation has eased and the headwind from the global economy is abating. The Joint Economic Report of spring 2013, conducted by ZEW in cooperation with other leading economic research institutes, forecasts an increase of the German gross domestic product of 0.8 per cent in the current year (68 per cent projection interval: 0.1 to 1.5 per cent) and 1.9 per cent in 2014. read more
The euro crisis is putting a strain on the German economy. Economic growth will thus remain weak in the near future and will not improve until next year. The institutes forecast an increase of GDP by 0.8 per cent in 2012 and by 1.0 per cent in 2013. The situation on the labour market will worsen; the number of unemployed persons will increase slightly in 2013 to 2.9 million. The national budget will be nearly balanced in 2012 as well as in 2013. The institutes take a critical stance to the ECB initiative to purchase sovereign bonds of struggling countries. According to the institutes, the ECB programme fuels the risk of inflation. read more
After a weak winter half year, the German economy is on the rise again. The institutes forecast an increase of the real GDP by 0.9 per cent for 2012 and by 2.0 per cent for 2013. The situation on the labour market will improve further and the number of unemployed persons will decrease to 2.8 million in 2012. read more
In the summer of 2011, the outlook for the global economy clearly deteriorated. Especially the sovereign debt crisis is threatened to turn into a bank crisis among Europe. This is increasingly affecting the German economy. The grown insecurity will put at risk domestic demand, and foreign trade might stop contributing to the expansion due to the difficult situation of important trading partners. read more
In the spring of 2011, the global economy is on the upswing, in particular due to the momentum in emerging economies. Germany is also experiencing a strong economic recovery. The institutes expect that the German Gross Domestic Product (GDP) will increase by 2.8 per cent this year and by 2.0 per cent in 2012. For 2011 and 2012, an unemployment rate of 6.9 per cent and 6.5 per cent, respectively, is expected. read more