Joint Economic Forecast (Autumn 2020): Recovery Loses Momentum - Economy and Politics Still Shaped by the Pandemic — Stefan Kooths

Sprecher

Stefan Kooths (Kiel Institute) & Team

Abstract

The corona pandemic leaves substantial marks in the German economy and its impact is more persistent than assumed in spring. In their autumn report, the leading German economic research institutes have revised their economic outlook downwards by roughly one percentage point for both this and next year. They now expect gross domestic product to fall by 5.4 percent in 2020 (previously -4.2%) and to grow by 4.7 percent (5.8%) in 2021 and 2.7 percent in 2022. Forecasters of the RC Business Cycles and Growth explain what is behind those numbers including their assessment of the current policy stance.

Autoren

Stefan Kooths (Kiel Institute) & Team

Raum

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