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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.

Windcraft and Solar panels

Green and digital transformation

What needs to be done to realise the necessary investments?

New publications

  • 2022-11-25KfW Research

    KfW Business Cycle Compass November 2022

  • 2022-11-18KfW Research

    KfW Credit Market Outlook October 2022

  • 2022-11-08KfW Research

    KfW-ifo SME Barometer October 2022

More news


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


Germany in a global setting

KfW Research analyses of international challenges

The corona crisis and its impact

The corona crisis

KfW Research papers and studies regarding the crisis

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,