Economic heads of the leading institutes at the last presentation of their joint forecast in April 2022 (from left): Oliver Holtemöller (IWH), Martin Gornig (DIW, is currently suspended), Stefan Kooths (IfW), Timo Wollmershäuser (Ifo), Torsten Schmidt (RWI ).
(Photo: Imago Images)
Berlin A recession in Germany is unstoppable. Or? Three leading German economic research institutes see it that way. The Ifo Institute in Munich sees a minus of 0.3 percent in 2023, the Institute for the World Economy (IfW) in Kiel more than twice as big and the Institute for Economic Research in Halle (IWH) even a recession almost five times as big.
In Essen, however, where the Leibniz Institute for Economic Research (RWI) is based, the economists see things differently. You expect the German economy to grow further in the coming year. The disagreement over the development of inflation is even greater. The forecasts range from 3.5 percent to ten percent. A scheme that runs through almost all the key data of the new economic forecasts.
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