In 2014, the German economy is expected to grow by 1.8 %. Next year, GDP will increase by 2.1 %. The output gap will decline significantly this year, but will only be fully closed in the coming year. Inflation will remain low in this environment. The upward momentum of the global economy...

The German economy is bound to accelerate in the quarters ahead, following the slump at the end of last year. Year-on-year, real gross domestic product will increase by 0.7 percent, matching last year's rise. As production will gain momentum in the course of 2013, the growth rate for 2014 will...

The German economy has recently lost momentum but is anticipated to accelerate markedly in the course of 2013. On annual average, real GDP will increase by 0.9 percent; the corresponding figure for 2012 is expected to be 0.8 percent. During the course of 2013, however, expansion will accelerate...

When speculative price bubbles on real estate markets burst, the results are often distortions in the real economy, associated with substantial losses in production and employment. This paper discusses the degree to which institutional frameworks can prevent speculative bubbles from forming and...

Die deutsche Wirtschaft steht vor einem kräftigen Aufschwung. Zwar kann der Zuwachs im Jahresdurchschnitt 2012 mit 1,0 Prozent nicht an die hohen Raten der vergangenen beiden Jahre anknüpfen. Dies liegt jedoch daran, dass sich Investoren und Konsumenten aufgrund der Krise im Euroraum mit ihren...

In the projection period, the German economy will grow at a considerably slower pace than in the previous years. After a three per cent increase in 2011, German GDP will rise by only one per cent in this year and by close to two per cent next year. It is primarily domestic demand that drives...

In 2013 the German economy will grow at 0.4 percent which is below the growth rate of potential output. The output gap is 0.5 percent. In 2014 gross domestic product will expand at 1,6 percent and the output gap will nearly be closed. In 2015 the economy will grow above trend at a rate of 2...

Due to a weak winter half-year, the German economy will only grow by 0.4 percent in 2013. However, the economic slowdown seems to be coming to an end now; growth in 2014 is expected to be above average at 1.8 percent. The global economy is experiencing an upswing again; growth in many emerging...

The German economy is following a moderate upward trend. At 0.7 per cent, growth in the second quarter was strong compared to the first quarter, but this development was overstated by special effects. In the course of the next quarters production accelerates. In the coming year, growth will...