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DIW's 2009 Fall Forecast: Key Economic Trends

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Author Info
Christian Dreger
Kerstin Bernoth
Franziska Bremus
Karl Brenke
Roberta Colavecchio
Burcu Erdogan
Stefan Kooths
Vladimir Kuzin
Dorothea Lucke
Charlotte Senftleben
Sebastian Weber

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Abstract

Following an unprecedented contraction in GDP, the German economy returns to expansion. Growth will be modest in 2010, however, as the forces of the recovery are not yet stable. This is the key result of the Autumn outlook of the German Institute for Economic Research (DIW). DIW expects Germany's GDP to grow by 1.3% in 2010. While this figure is higher than the forecast for the entire euro zone (+0.8%), it is not cause for celebration: Next year's growth is too low to compensate for the decline in output since the start of the crisis. By the end of 2010, Germany's GDP will have returned to its level at the beginning of 2006.

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File URL: http://www.diw.de/documents/publikationen/73/diw_01.c.342850.de/diw_wr_2009-31.pdf
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Publisher Info
Article provided by DIW Berlin, German Institute for Economic Research in its journal Weekly Report [Elektronische Ressource].

Volume (Year): (2009)
Issue (Month): 31 ()
Pages: 216-217
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Handle: RePEc:diw:diwwrp:wr5-31

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Related research
Keywords: Economic outlook; Business cycle forecast; Consumption; Foreign trade; Labour market;

Find related papers by JEL classification:
E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
F01 - International Economics - - General - - - Global Outlook

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This page was last updated on 2009-12-18.

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