The current forecasts of German economic research institutes and government organisations on the development of GDP in Germany currently fluctuate between -0.2% and +0.3% for the 2024 financial year. The more recent forecasts in particular are more critical and assume only stagnation or a decline in Contact online >>
The current forecasts of German economic research institutes and government organisations on the development of GDP in Germany currently fluctuate between -0.2% and +0.3% for the 2024 financial year. The more recent forecasts in particular are more critical and assume only stagnation or a decline in economic output:
The German economy is the fourth largest in the world and accounted for one quarter (24.9 percent) of the European Union''s GDP in 2022. Germany is also the United States'' largest European trading partner and the sixth-largest market for U.S. exports. Its "social market" economy largely follows market principles, but with a considerable
Market research on consumer products, commercial industries, demographics trends and consumer lifestyles in Germany. Includes comprehensive data and analysis, tables and charts, with five-year forecasts.
The latest macroeconomic forecast for Germany. Economic activity in Germany is expected to decline by 0.1% in 2024. High uncertainty has been weighing on consumption and investment, and the trade outlook has worsened as global demand for industrial goods weakened. Going forward, domestic demand is set to pick up, driven by increases in real wages.
Germany faces some serious economic challenges, but they aren''t necessarily the ones getting the most attention. Solving these challenges requires ambitious reforms. Germany is struggling. It was the only G7 economy to shrink last year and is set to be the group''s slowest-growing economy again this year, according to our latest projections.
The German economy is the fourth largest in the world and accounted for one quarter (24.9 percent) of the European Union''s GDP in 2022. Germany is also the United States'' largest European trading partner and the sixth-largest market for U.S. exports. Its "social market" economy largely follows market principles, but with a considerable degree of government regulation and wide-ranging social welfare programs.
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Economic activity in Germany is expected to decline by 0.1% in 2024. High uncertainty has been weighing on consumption and investment, and the trade outlook has worsened as global demand for industrial goods weakened. Going forward, domestic demand is set to pick up, driven by increases in real wages. This is expected to support a recovery in GDP growth to 0.7% in 2025 and 1.3% in 2026. The government deficit is projected to decrease and the government debt ratio to stabilise around 63% of GDP.
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