Gemeinschaftsdiagnose Herbst 2024: Deutsche Wirtschaft im Umbruch

Dany-Knedlik Geraldine, Oliver Holtemöller, Kooths Stefan, Schmidt Torsten and Timo Wollmershäuser

Wirtschaftsdienst, 2024, vol. 104, issue 10, 730-734

Abstract: The German economy has stagnated for over two years, with a slow recovery anticipated in the coming quarters. However, growth is unlikely to reach pre-COVID-19 levels anytime soon. Decarbonisation, digitisation, demographic changes, and heightened competition from China are dampening growth prospects. GDP is projected to decline by 0.1 % in 2024, with increases of 0.8 % and 1.3 % in the subsequent years. Rising private consumption and improving foreign trade are expected to contribute positively to the economic upturn in Germany. Economic policy should prioritise reducing productivity barriers, facilitating structural changes, and lowering political uncertainty to support recovery.

JEL-codes: E61 F44 F47 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:wirtsc:v:104:y:2024:i:10:p:730-734:n:1017

DOI: 10.2478/wd-2024-0184

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