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Favorable labor market conditions and the resulting increase in private consumption are still sustaining the global economy. Trade disputes and political uncertainties, however, continue to slow investment activity, with the result that economic growth will only be moderate particularly in...
Persistent link: https://www.econbiz.de/10012151732
The global economy is expected to grow by four percent annually over the next two years. This is a slight increase in the German Institute for Economic Research forecast in comparison to that of the fall. The upswing will gain momentum in both developed and emerging economies. Private...
Persistent link: https://www.econbiz.de/10011762790
After a strong second quarter, the global upturn appears to remain intact, economic and political turmoils notwithstanding, especially in the United States and the euro area. Therefore, DIW Berlin is slightly raising its forecast for the global economy this year to 4.2 percent. Over the course...
Persistent link: https://www.econbiz.de/10011899230
The current global economic environment remains harsh. Global growth rates stagnated in the fourth quarter of 2018, particularly affected by foreign trade. DIW Berlin’s forecast indicates global economic growth of 3.7 percent for 2019 and 3.6 percent for 2020. Positive stimuli are expected...
Persistent link: https://www.econbiz.de/10011992301
The German economy will likely contract in the first quarter of 2024 due to still heightened inflation and weak demand, which was already weighing on German economic output in 2023. Inflation, which is falling in both Germany and the euro area overall, is expected to return close to the European...
Persistent link: https://www.econbiz.de/10014506705
This paper aims to shed light on the importance of health considerations for business cycle fluctuations and the effect of health status on labour productivity and availability of labour input for productive use. To this end, Grossman's (2000) partial‐equilibrium framework with endogenous...
Persistent link: https://www.econbiz.de/10014122026
are increasing substantially more slowly than previously, and the first major collective wage agreements, for example for …
Persistent link: https://www.econbiz.de/10014362635
unnecessary, purchases. Collective wage agreements have recently been reached, causing nominal wages to rise by less than … summer forecast, DIW Berlin had predicted a decline of only 0.2 percent. Thanks to collective wage agreements that have …
Persistent link: https://www.econbiz.de/10014362798
The German economy began recovering at the beginning of 2024 and has developed better than initially expected. A sharp rise in construction investment, albeit more of a flash in the pan as a result of mild winter weather, along with strong goods exports helped the economy onto its recov¬ery...
Persistent link: https://www.econbiz.de/10014584461
The ongoing corona pandemic is causing a major shock to the global economy. In the coming months, many countries are expected to suffer severe economic downturns. Sealing off entire regions disrupts supply chains, resulting in production losses and falls in consumption. The global economy is...
Persistent link: https://www.econbiz.de/10012198143