Germany’s growth will slow markedly. In spite of the resurgence of financial market problems, a recession seems, nevertheless, improbable. Real GDP will increase by 3 percent in 2011. In 2012, German exports will increase only moderately and dampen corporate investment. Because of the ongoing positive labor market private consumption will continue to buttress the business cycle. In 2012, the German economy will merely grow by 1 ¼ percent. Despite the weakening of the economy there will be more than 41 million employees. The number of registered unemployed will sink to 2.8 million on average. With a deficit of 7 billion euro and a deficit ratio of ½ percent of the GDP the national budget will almost be balanced.
Hubertus Bardt / Matthias Diermeier / Michael Grömling / Michael Hüther / Thomas Obst IW-Report No. 27 9. August 2021
Supply bottlenecks and price developments for raw materials and inputs
Having experienced strict economic lockdowns, the post-pandemic period various sectors report severe supply side bottlenecks and price increases for intermediate goods.
Hubertus Bardt / Matthias Diermeier / Michael Grömling / Michael Hüther / Thomas Obst IW
IW-Forschungsgruppe Gesamtwirtschaftliche Analysen und Konjunktur IW-Trends No. 1 24. March 2021
IW Economic Forecast Spring 2021: Pandemic Sends a Divided Economy on a Rollercoaster Ride
The German economy is divided on both the supply and demand sides. Consumption and parts of the service economy are again experiencing sharp falls while exports and some industrial sectors are benefiting from a worldwide economic recovery.
IW-Forschungsgruppe Gesamtwirtschaftliche Analysen und Konjunktur IW
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