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IW-Forschungsgruppe Konjunktur IW-Trends No. 3 25. September 2013 Lift: But Little Tailwind

IW Economic Forecast, Autumn 2013

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But Little Tailwind
IW-Forschungsgruppe Konjunktur IW-Trends No. 3 25. September 2013

Lift: But Little Tailwind

IW-Trends

German Economic Institute (IW) German Economic Institute (IW)

IW Economic Forecast, Autumn 2013

The world economy had been losing its momentum lately. The sovereign debt and banking crises led to recession in Europe while the world’s aspiring economies have been slowing markedly. Knock-on effects from the advanced economies, structural problems and looming capital outflows can explain the latter. However, global prospects have brightened again. Europe has turned the corner and the emerging economies are once more picking up speed. However, the world economy will continue to lack its previous momentum. With Germany’s price competitiveness deteriorating, foreign trade looks set to enjoy only a modest improvement. Overall, investment activity in this country is picking up but will falter again if a favourable tax policy is not maintained. The strong labour market should continue to enliven consumption, but this will remain more of a stabilizing factor than a stimulant. With these givens, the German economy can be expected to grow by around ½ per cent in 2013, with expansion passing the 1 ½ per cent mark in 2014. At 2.86 million, the average annual unemployment rate will be some 6 ½ per cent in 2014. This year the national budget will show a slight deficit but should next year achieve a surplus just short of ½ per cent of GDP.

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But Little Tailwind
IW-Forschungsgruppe Konjunktur IW-Trends No. 3 25. September 2013

IW-Forschungsgruppe Konjunktur: Auftrieb mit wenig Rückenwind – IW-Konjunkturprognose Herbst 2013

IW-Trends

German Economic Institute (IW) German Economic Institute (IW)

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Comparing the Intensity of Economic Crises
Michael Grömling IW-Trends No. 4 7. November 2024

Comparing the Intensity of Economic Crises

In 2024, the German economy has stagnated, performing at a level that has barely changed since 2019. Its foreign trade is suffering from geopolitical conflicts and the resulting slowdown in the global economy.

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Michael Grömling / Stefanie Seele IW-Report No. 27 21. May 2024

Determinants of personnel planning in Germany

The German labor market has been growing since 2005. The dip in the wake of the coronavirus pandemic between 2020 and 2022 is an exception, as the German labor market has reached a record level of 45.9 million people in employment by 2023.

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