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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.

Cogs in a machine

KfW SME Innovation Report 2020

The coronavirus pandemic has left its mark on SMEs’ innovation activity.


Germany in a global setting

KfW Research analyses of international challenges

New publications

  • 2021-07-26KfW Research

    The African private sector in the COVID-19 crisis: impacts, responses and perspectives

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  • 2021-07-20KfW Research

    KfW-ifo Credit Constraint Indicator July 2021

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  • 2021-07-07KfW Research

    KfW-ifo SME Barometer June 2021

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More news
The corona crisis and its impact

The corona crisis

KfW Research papers and studies regarding the crisis



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

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,