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Economic Outlook

Joint Economic Forecast 1/22: From Pandemic to Energy Crisis: Economy and Politics under Permanent Stress

Authors

  • Holtemöller
  • O.
  • Gornig
  • P.D.M.
  • Schmidt
  • T.
  • Wollmershäuser
  • T.
  • Kooths
  • S.

Publication Date

Key Words

Corona crisis

COVID19

Related Topics

Labor Market

Growth

Fiscal Policy & National Budgets

Economic & Financial Crises

Business Cycle Germany

Business Cycle

Germany

The German economy is steering through difficult waters and faces the highest inflation rates in decades. In their spring report, the leading German economic research institutes revise their outlook for this year significantly downward. The recovery from the COVID-19 crisis is slowing down as a result of the war in Ukraine, but remains on track. The institutes expect GDP to increase by 2.7 and 3.1 percent in 2022 and 2023 respectively. In the event of an immediate interruption to Russian gas supplies, a total of 220 billion euros in German economic output would be at risk in both years.

Kiel Institute Expert

  • Prof. Dr. Stefan Kooths
    Research Director

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Subject Dossiers

  • Production site fully automatic with robot arms

    © xieyuliang – iStockphoto

    Economic Outlook

  • Inside shoot of the cupola of the Reichstag, the building of the German Bundestag.

    © Erik Cleves Kristensen CC BY 2.0

    Economic Policy in Germany

  • Colorful flags of European countires in front of an official EU building.

    © European Union 2016, Source EP

    Tension within the European Union

Research Center

  • Macroeconomics

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