IWH Macroeconomic Outlook 2020
Global Economy Slowly Gains Momentum – But Germany still Stuck in a Downturn
Halle (Saale), December 12, 2019
In 2020, the global economy is likely to benefit from the recent thaw in trade disputes. Germany’s manufacturing sector, however, will recover only slowly. “In 2020, the German economy will probably grow at a rate of 1.1%, and adjusted for the unusually high number of working days the growth rate will only be 0.7%”, says Oliver Holtemöller, head of the Department Macroeconomics and vice president at Halle Institute for Economic Research (IWH). With an estimated growth rate of 1.3%, production in East Germany will outpace production growth in Germany as a whole.