Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/204871
Authors: 
Michelsen, Claus
Clemens, Marius
Hanisch, Max
Junker, Simon
Cholodilin, Konstantin
Schlaak, Thore
Year of Publication: 
2019
Citation: 
[Journal:] DIW Weekly Report [ISSN:] 2568-7697 [Volume:] 9 [Year:] 2019 [Issue:] 37 [Pages:] 330-333
Abstract: 
The slowdown in the global economy and the uncertainties caused by Brexit have affected the export-oriented German economy, which is expected to grow by only 0.5 percent this year. However, the German economy has not slid into a crisis due to marked fiscal policy stimuli and favorable developments on the labor market. Private consumption remains a mainstay of the economy; in addition, there is moderate inflation, which will barely dampen purchasing power over the next two years. Together with slightly stronger foreign demand, these factors will ensure that the German economy recovers somewhat over next year and the year thereafter. The economy is likely to grow by 1.4 percent in 2020 and 2021 as long as the serious political risks do not materialize. A no-deal Brexit, for example, would reduce growth in Germany by 0.4 percent in 2020.
Subjects: 
business cycle forecast
economic outlook
JEL: 
E32
E66
F01
Persistent Identifier of the first edition: 
Document Type: 
Article

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