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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.

New publications

  • 2019-11-08KfW Research

    North-south, east-west – thoughts on Germany 30 years after the fall of the Wall

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  • 2019-11-07KfW Research

    KfW-ifo SME Barometer October 2019

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  • 2019-11-06KfW Research

    European SME Survey 2019

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Fritzi Köhler-Geib

New Chief Economist since 1 November 2019

Dr Friederike (Fritzi) Köhler-Geib

is since 1 november Chief Economist of KfW Group and Head of KfW Research. Prior to this, she spent more than 10 years at the World Bank, most recently in the position of Lead Economist and Programme Leader for Central America.

She studied Economics in the USA, France, Germany, Spain and Switzerland. As Chief Economist of KfW Group, she is now responsible for a broad spectrum of micro- and macroeconomic topics and economic policy issues regarding Germany and the world.

Curriculum Vitae


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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About KfW Research

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