Tip: Activate javascript to be able to use all functions of our website

KfW Business Cycle Compass

KfW Business Cycle Compass August 2018

Solid growth but many risks

After a first quarter burdened by special factors, between April and June 2018 Germany’s economy failed to achieve the vigorous rebound initially hoped for. The economy is still growing at a robust rate but many global risks have considerably dampened the optimism that prevailed at the turn of the year. We have lowered our real growth forecast for 2018 to 1.8 % (previous forecast: 2.1 %) and for 2019 to 1.6 % (previous forecast: 1.9 %).

KfW Business Cycle Compass Germany August 2018 (PDF, 53 KB, non-accessible)

Economic Research

Economic development in Germany and around the world, studies on topics relevant to society such as environmental and climate protection, demography, globalisation, innovation and sustainability, impact of KfW promotional programmes.

Download Center

All editions of KfW Business Cycle Compass

Tip: Activate javascript to be able to use all functions of our website

KfW Business Cycle Compass

Current KfW Business Cycle Compass

Background information on the KfW Business Cycle Compass

Economic Research