Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Konjunktur: Führende Institute verdoppeln Wachstumsprognose

Die Prognose im Auftrag des Wirtschaftsministeriums fällt nach Handelsblatt-Informationen dieses Jahr deutlich besser aus. Der Aufschwung setzt sich auch im kommenden Jahr fort.

Konjunktur: Führende Institute verdoppeln Wachstumsprognose

Major economic research institutes in Berlin have significantly raised their growth forecast for the current year. According to insiders cited by the Handelsblatt, Germany's gross domestic product (GDP) is now expected to grow by 1.3 percent this year, up from the previous prediction of a 0.6 percent increase. In spring, the institutes had projected a 0.9 percent growth for the German economy, which is now expected to rise to 1.1 percent next year.

The improvement in the growth forecast is attributed to the weakening impact of geopolitical crises and the stimulus provided by increased government spending on defense and infrastructure. The "Community Diagnosis" is compiled by the Ifo Munich, the DIW Berlin, the RWI Essen, the Kiel Institute, and the IWH Halle. The growth forecast is presented to the Federal Ministry of Economics next Thursday, and the figures are provisional until then.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Finance & Markets

More from Monday 21 September →