Das Bruttoinlandsprodukt misst, wie viele Waren und Dienstleistungen in einem Jahr produziert wurden.
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Up until the economic and financial crisis, economic conditions in the European regions had been converging. This process has come to a complete standstill in recent years due to lower growth in Eastern Europe and stagnation in Southern Europe.
Before the economic crisis, European regions with low economic output per inhabitant grew faster than the wealthier ones. The living conditions on the continent became more similar. Since 2010, however, the process of catching-up has been stopped.
The global economic climate has deteriorated. The protectionist tone of the US administration is provoking a world-wide trade conflict which may well trigger other problems, such as financial crises in China or in Europe.
The current robustness of the German economy has triggered a debate about the risk of overheating. High utilisation of aggregate production capacity does not necessarily mean an economy is overheating.
Over the last few years the African continent has received considerably more international attention – most recently at the G20 meeting in Hamburg – and with it has come increasing discussion of the continent’s economic opportunities and its integration into international value chains.
Head of the Research Group Macroeconomic Analysis and Forecast
Tel+49 221 4981-776