The German economy is facing strong headwinds. In recent months, economic momentum has continued to slow down and companies are much more pessimistic about the future. The high level of global economic policy uncertainty likely was an important contributing factor. Gross domestic product (GDP)...

The German economy has shifted down a gear. After still very high economic momentum in Germany until the middle of last year, production stalled noticeably. Temporary stress factors such as the problems of automobile manufacturers with the new WLTP standard and the low water levels in the Rhine...

The economic upswing in Germany continues, although the expansion loses some steam. Compared to our summer forecast, we reduced our expectations for GDP growth by 0.1 and 0.3 percentage points in the current and next year, respectively, to 1.9 percent (2018) and 2.0 percent (2019). So for now,...

The upswing in Germany is starting to falter. In the third quarter, the economy shrank for the first time in three years. This decline was primarily due to special factors. In particular, problems with the new vehicle certification standard (WLTP) affected the automotive industry. In addition to...

The strong economic upswing in Germany has taken a break. For the current year, we revise our GDP growth forecast down by 0.5 percentage points to 2.0 percent. However, the slowdown in economic activity at the beginning of the year is mainly due to temporary factors. We therefore expect growth...

The air for the economic upswing in Germany is getting thinner. We expect German GDP to grow by 2.5 percent this year and by 2.3 percent in 2019 after an increase of 2.2 percent in 2017. With capacity utilization already above normal levels at the current juncture, our forecast implies that the...

The German economy is running at full steam. Economic activity has further accelerated in the current year and leading indicators suggest that the rapid pace of expansion will continue in the coming year. We expect gross domestic product (GDP) to grow by 2.3 percent in 2017 (calendar-adjusted:...

The pronounced expansion of the German economy accelerates further. Compared to our summer forecast, we adjust our forecast for the current and the next year upwards, and we expect gross domestic product to grow by 2 percent in the current year and 2.2 percent in the next year (summer forecast:...

The momentum of the expansion of the German economy is strong. Unchanged from our winter and spring forecasts, we expect a rise in gross domestic product by 1.7 percent in the current year and by 2 percent in 2018. This implies that throughout the forecasting period the expansion of aggregate...

The German economy is at the brink of a recession. Gross domestic product is likely to decline again in the third quarter. Germany would thus formally be in a technical recession. However, the slowdown that began in 2018 has so far been a normalization of the previous boom period. At present,...