Research Seminar

**abgesagt** Crisis gradually being overcome – Policy makers shall adopt to lower growth perspectives — Stefan Kooths

07 Dez 2021

*** abgesagt ***


Stefan Kooths (Kiel Institute)


In their most recent joint report, Germany’s leading economic research institutes have lowered their GDP growth forecast for 2021 from 3.7 % to 2.4 %. Weakening industrial production, which is suffering from supply bottlenecks, is particularly responsible for this. The global economy is recovering from the disruptions of the coronavirus pandemic, but only slowly, as vaccination progress varies across regions. Current price pressure is temporary, but this is no all clear signal for inflation risks in the medium-term. Forecasters of the RC Business Cycles and Growth explain what is behind those numbers including their assessment of the current policy stance.


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