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German Economy Remaining Robust in Uncertain Times: DIW Economic Outlook

Author

Listed:
  • Claus Michelsen
  • Christian Breuer
  • Martin Bruns
  • Marius Clemens
  • Max Hanisch
  • Simon Junker
  • Thore Schlaak

Abstract

The German economy will keep on growing amid risks although growth will slow down somewhat. GDP will continue to grow noticeably at 1.8 percent this year, 1.7 percent next year, and 1.8 percent in 2020. Private household incomes in particular—and thus consumption as well—are boosting growth, as the labor markets are improving: the unemployment rate will fall from 5.2 percent this year to well below five percent in 2020 and lead to stronger wage increases. However, inflation will remain moderate at almost two percent.

Suggested Citation

  • Claus Michelsen & Christian Breuer & Martin Bruns & Marius Clemens & Max Hanisch & Simon Junker & Thore Schlaak, 2018. "German Economy Remaining Robust in Uncertain Times: DIW Economic Outlook," DIW Weekly Report, DIW Berlin, German Institute for Economic Research, vol. 8(36), pages 334-337.
  • Handle: RePEc:diw:diwdwr:dwr8-36-3
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    More about this item

    Keywords

    Business cycle forecast; economic outlook;

    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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