25 Years IWH

cover_gd_2017-04.png

Upturn in Germany Strengthens in Spite of Global Economic Risks: Joint Economic Forecast Spring 2017

The German economy is already in the fifth year of a moderate upturn. Capacity utilization is gradually increasing, and aggregate production capacities are now likely to have slightly exceeded their normal utilisation levels. However, cyclical dynamics remain low compared to earlier periods of recoveries, as consumption expenditures, which do not exhibit strong fluctuations, have been the main driving force so far. In addition, net migration increases potential output, counteracting a stronger ca-pacity tightening. Gross domestic product (GDP) is expected to expand by 1.5 % (1.8 % adjusted for calendar effects) and 1.8 % in the next year. Unemployment is expected to fall to 6.1 % in 2016, to 5.7 % in 2017 and 5.4 % in 2018.

12. April 2017

Authors Projektgruppe Gemeinschaftsdiagnose

Whom to contact

For Researchers

For Journalists

Stefanie Müller
Stefanie Müller
Press Officer

If you have any further questions please contact me.

+49 345 7753-720 Request per E-Mail
Mitglied der Leibniz-Gemeinschaft LogoTotal-Equality-LogoWeltoffen Logo