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Gemeinschaftsdiagnose Herbst 2024: Deutsche Wirtschaft im Umbruch

Author

Listed:
  • Dany-Knedlik Geraldine
  • Holtemöller Oliver
  • Kooths Stefan
  • Schmidt Torsten
  • Wollmershäuser Timo

Abstract

The German economy has stagnated for over two years, with a slow recovery anticipated in the coming quarters. However, growth is unlikely to reach pre-COVID-19 levels anytime soon. Decarbonisation, digitisation, demographic changes, and heightened competition from China are dampening growth prospects. GDP is projected to decline by 0.1 % in 2024, with increases of 0.8 % and 1.3 % in the subsequent years. Rising private consumption and improving foreign trade are expected to contribute positively to the economic upturn in Germany. Economic policy should prioritise reducing productivity barriers, facilitating structural changes, and lowering political uncertainty to support recovery.

Suggested Citation

  • Dany-Knedlik Geraldine & Holtemöller Oliver & Kooths Stefan & Schmidt Torsten & Wollmershäuser Timo, 2024. "Gemeinschaftsdiagnose Herbst 2024: Deutsche Wirtschaft im Umbruch," Wirtschaftsdienst, Sciendo, vol. 104(10), pages 730-734.
    • Handle: RePEc:vrs:wirtsc:v:104:y:2024:i:10:p:730-734:n:1017
    DOI: 10.2478/wd-2024-0184
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    References listed on IDEAS

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    1. Robert Lehmann & Timo Wollmershäuser, 2024. "Struktureller Wandel im Verarbeitenden Gewerbe: Produktion unterzeichnet Bruttowertschöpfung," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 77(02), pages 55-60, February.
    2. Gropp, Reint & Holtemöller, Oliver, 2024. "Sechs Punkte für eine effiziente grüne Transformation," IWH Policy Notes 2/2024, Halle Institute for Economic Research (IWH).
    3. Keller, Matthias & Körner, Thomas, 2024. "Haushalte, Familien und Lebensformen mit Einwanderungsgeschichte - Auswirkungen auf die Erwerbsbeteiligung von Eltern," WISTA – Wirtschaft und Statistik, Statistisches Bundesamt (Destatis), Wiesbaden, vol. 76(4), pages 39-57.
    4. Richard Rogerson, 2024. "Why Labor Supply Matters for Macroeconomics," Journal of Economic Perspectives, American Economic Association, vol. 38(2), pages 137-158, Spring.
    5. Holtemöller, Oliver & Schult, Christoph & Zeddies, Götz, 2024. "Kosten der Maßnahmen aus dem Rentenpaket II vom März 2024 und Finanzierungsoptionen," IWH Studies 2/2024, Halle Institute for Economic Research (IWH).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles
    • F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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