Despite the setback in the third quarter of 2018, the German economy should continue to see solid growth for the time being, in the Bundesbank’s estimation. The Bank’s recently published autumn forecast primarily attributes the slight decline in economic output in the previous quarter to temporary difficulties in the automotive industry and believes it will be overcome rapidly.

Prof. Dr. Axel A. Weber, President of the Deutsche Bundesbank, Speech at the Kangaroo-Group / EPIC Lunch

The Bundesbank expects the German economy to grow strongly again after a limited setback in the final quarter of 2020 and first quarter of 2021. According to current projections, real gross domestic product could pick up sharply in the following two years and reach its pre-crisis level again in early 2022. This is predicated on the pandemic containment measures being quickly loosened from spring 2021 and ultimately expiring altogether in the early months of 2022.

Im Mai zog die Inflation erneut kräftig an, was vor allem auf – auch wegen der Auswirkungen des Krieges – stark steigende Energie- und Nahrungsmittelpreise zurückzuführen ist. Der Inflationsdruck hat jedoch an Breite und Intensität gewonnen, was sich in erheblichen Preissteigerungen bei zahlreichen Waren und Dienstleistungen zeigt. Fachleute des Eurosystems haben ihre Basisprojektionen zur Inflationsentwicklung deutlich nach oben korrigiert.

11. – 12.05.2023 | Spring Conference | Eltville am Rhein (hybrid event)