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KfW Research – Research in economy, society and environment

We are KfW’s centre of economic expertise. We offer up-to-date analyses, indicators and surveys on the economic development in Germany and around the world. We take a stand with our economic policy recommendations and forecasts. We stimulate public economic discussions and set the basis for KfW’s promotional activities. Our focus is on energy and the environment, SMEs, start-ups, innovations, overall economic performance and growth.

An innovative enterprise

KfW SME Innovation Report 2023

SMEs’ innovation activity has flatlined

New publications

  • 2024-02-22KfW Research

    Digital euro opens up new opportunities

  • 2024-02-21KfW Research

    High skills requirements make hiring a challenge, especially for innovative enterprises

  • 2024-02-21KfW Research

    KfW SME Innovation Report 2023

More news
View of a wind farm

Climate neutrality

Opportunities and challenges of the desired transformation



Current comments and economic forecasts for Germany and the euro area.

Rocket on desk between money and keyboard

Venture Capital Market

Analyzes of the German venture capital ecosystem


Germany in a global setting

KfW Research analyses of international challenges

Publications by topic

Want to find out more about our research findings and positions? Here you can browse through our publications, sorted by subject area.

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Publication series

KfW Research publications by series.

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Dr Friederike Köhler-Geib

KfW Chief Economist and Head of Division KfW Research

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About KfW Research

Are you interested in how we work? Find out more about our focal areas and organisation.

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Newsletter KfW Research

We would be happy to provide you with regular updates from KfW Research.



KfW Research, KfW Bankengruppe, Palmengartenstr. 5-9, 60325 Frankfurt,