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ifo Economic Forecast 2017–2019: German Economy on Track to Boom

Author

Listed:
  • Timo Wollmershäuser
  • Silvia Delrio
  • Clemens Fuest
  • Marcell Göttert
  • Christian Grimme
  • Carla Krolage
  • Stefan Lautenbacher
  • Robert Lehmann
  • Wolfgang Nierhaus
  • Andreas Peichl
  • Magnus Reif
  • Radek Šauer
  • F. Schröter
  • Tobias Schuler
  • Marc Stöckli
  • Klaus Wohlrabe
  • Anna Wolf
  • Christoph Zeiner

Abstract

On 14 December 2017 the ifo Institute presented its economic forecast for the years 2017, 2018 and 2019. The upswing seen in the German economy since 2013 has accelerated markedly. The ifo Institute expects real gross domestic product (GDP) to increase by 2.3% this year, followed by a 2.6% upturn in 2018 and 2.1% in 2019. Excessive capacity utilisation will grow clearly over the forecasting period, while wage and price hikes will gain impetus. The German economy is in great shape. This is mainly due to manufacturing, which is clearly benefitting from an improved economic outlook in the euro area and the rest of the world and will clearly ramp up its export and investment activity. Although their contribution will diminish somewhat, private consumption and construction will also continue to grow strongly.

Suggested Citation

  • Timo Wollmershäuser & Silvia Delrio & Clemens Fuest & Marcell Göttert & Christian Grimme & Carla Krolage & Stefan Lautenbacher & Robert Lehmann & Wolfgang Nierhaus & Andreas Peichl & Magnus Reif & Rad, 2017. "ifo Economic Forecast 2017–2019: German Economy on Track to Boom," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(24), pages 28-81, December.
    • Handle: RePEc:ces:ifosdt:v:70:y:2017:i:24:p:28-81
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    References listed on IDEAS

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    Cited by:

    1. David Bauer & Julia Sonnenburg & Michael Weber, 2018. "Für ein Viertel der älteren Beschäftigten in Sachsen könnte bald der Nachwuchs fehlen," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 25(03), pages 03-08, June.
    2. David Bauer & Joachim Ragnitz & Julia Sonnenburg & Michael Weber, 2018. "Public Staffing through 2030 in the Free State of Saxony and the Competitive Situation to the Private Sector," ifo Dresden Studien, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 81.
    3. Magnus Reif, 2020. "Macroeconomics, Nonlinearities, and the Business Cycle," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 87.

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    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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