Home Business Background Overview of economic forecasts for Germany The most precise possible forecasts...

Background Overview of economic forecasts for Germany The most precise possible forecasts of economic development form the basis for planning by the state and the budget. The latest economic forecasts for Germany at a glance.

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overview Economic forecasts for Germany

Status: 06/18/2021 5:34 p.m. Regardless of whether it is a recession or an upswing: predictions of economic development that are as accurate as possible form the basis for many state plans such as the budget. The current estimates of important institutions for Germany at a glance. How the economy will develop in the near future can only be estimated. Governments, international organizations and economic researchers regularly try to predict economic developments as precisely as possible using various assumptions. Among other things, forecasts form the basis for tax estimates and budget planning by the state. The forecasts for economic growth fluctuate very strongly and are regularly revised up or down over the course of a year. The current forecasts for the development of the German gross domestic product (GDP) at a glance.

Forecasts on the development of the German gross domestic product
source Forecast from Forecast for 2021 Forecast for 2022
Federal government April 2021 + 3.5% + 3.6%
EU commission May 2021 + 3.4% + 4.1%
IMF April 2021 + 3.6% + 3.4%
OECD May 2021 + 3.3% + 4.4%
Bundesbank June 2021 + 3.7% + 5.2%
Expert council to assess macroeconomic development March 2021 + 3.1% + 4.0%
Joint forecast of the leading economic research institutes April 2021 + 3.7% + 3.9%
German Institute for Economic Research DIW June 2021 + 3.2% + 4.3%
Ifo Institute for Economic Research at the University of Munich June 2021 + 3.3% + 4.3%
Institute for the World Economy IfW Kiel June 2021 + 3.9% + 4.8%
Institute of the German Economy Cologne March 2021 + 3.0% + 4.0%
Hamburg Institute of International Economics June 2021 + 3.0% + 3.0%
Institute for Economic Research Halle IWH June 2021 + 3.9% + 4.0%
Institute for Macroeconomics and Business Cycle Research IMK March 2021 + 4.9% + 4.2%
Rhenish-Westphalian Institute for Economic Research RWI June 2021 + 3.7% + 4.7%

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