EconPapers    
Economics at your fingertips  
 

German Economy: Upswing Has Gained Breadth but Will Not Hold Pace: DIW Economic Outlook

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

DIW Economic Bulletin, 2017, vol. 7, issue 50, 549-555

Abstract: The upswing of the German economy continues and since the beginning of 2017, even at a somewhat faster pace. Sharp gains in employment are still driving consumption. And companies are investing significantly more in machines and facilities. Many global risks that previously limited the propensity to invest—in Germany and many other countries—have vanished. And the euro area is also finally feeling the upswing. The German export industry in particular is enjoying the benefits. The German Institute for Economic Research (DIW Berlin) is thus raising its forecast for German GDP and now anticipates a plus of 2.2 percent for this year. Although the momentum will gradually slow down toward the end of the forecast horizon, Germany’s annual growth for 2018 should be of the same magnitude. All in all, the economy is booming but not to the point of overheating—wage and price movement is restrained.

Keywords: Business cycle forecast; economic outlook (search for similar items in EconPapers)
JEL-codes: E32 E66 F01 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.diw.de/documents/publikationen/73/diw_0 ... n_bull_2017-50-3.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: https://EconPapers.repec.org/RePEc:diw:diwdeb:2017-50-3

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 2021-04-20
Handle: RePEc:diw:diwdeb:2017-50-3