Economics at your fingertips  

Despite Weaker Job Market, Germany’s Economic Upswing Continues

Ferdinand Fichtner (), Karl Brenke, Marius Clemens (), Simon Junker, Claus Michelsen, Maximilian Podstawski, Thore Schlaak and Kristina van Deuverden ()

DIW Economic Bulletin, 2016, vol. 6, issue 50, 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.

Keywords: Business cycle forecast; economic outlook (search for similar items in EconPapers)
JEL-codes: E32 E66 F01 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... n_bull_2016-50-2.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in DIW Economic Bulletin from DIW Berlin, German Institute for Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Bibliothek ().

Page updated 2021-04-12
Handle: RePEc:diw:diwdeb:2016-50-2