Economic Outlook

Joint Economic Forecast 1/20: Economy in Shock – Fiscal Policy to Counteract

Authors

  • Oliver Holtemöller
  • Stefan Kooths
  • Claus Michelsen
  • Timo Wollmershäuser
  • Torsten Schmidt
Publication Date

The coronavirus pandemic is triggering a severe recession in Germany. Economic output will shrink by 4.2 percent this year. This is what the leading economics research institutes expect in their spring report. For next year, they are forecasting a recovery and growth of 5.8 percent.

Kiel Institute Expert