Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/148616
Authors: 
Fichtner, Ferdinand
Brenke, Karl
Clemens, Marius
Junker, Simon
Michelsen, Claus
Podstawski, Maximilian
Schlaak, Thore
van Deuverden, Kristina
Year of Publication: 
2016
Citation: 
[Journal:] DIW Economic Bulletin [ISSN:] 2192-7219 [Volume:] 6 [Year:] 2016 [Issue:] 50 [Pages:] 587-593
Abstract: 
In spite of persisting unfavorable external economic conditions, the German economy's upward trend continues, with a growth of 1.2 percent expected for the coming year - slightly less than the 1.8 percent growth rate of 2016, a difference primarily due to the fact that 2017 has fewer workdays. A growth rate of 1.6 percent is expected for 2018. Although employment growth has slowed down somewhat since this past summer, private consumption remains the German economy's primary growth driver - but given the higher inflation, this dynamic will lose momentum in the course of the coming quarters. Exports are picking up in the moderately recovering global economy, and this will be even more noticeable lateron in the forecast period. Though investment activity will be somewhat stimulated by the improvement in foreign demand, it will remain rather modest.
Subjects: 
business cycle forecast
economic outlook
JEL: 
E32
E66
F01
Document Type: 
Article

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