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KfW Business Cycle Compass

KfW Business Cycle Compass May 2018

Germany’s upswing is losing some pace, cyclical risks are rising

Given the weak start to the year, KfW Research has revised its growth forecast for 2018 downward to 2.1 % but still expects the German economy to grow by 1.9 % in 2019. Brexit, ongoing tensions in global trade relations, the unilateral US withdrawal from the Iran nuclear deal and the political situation in Italy pose growing downward risks.

KfW Business Cycle Compass Germany May 2018 (PDF, 73 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.

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