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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.

Digitalisation and investments
Digitalisation and investments

Financing of digitalisation projects differs from the financing of innovations

New publications

  • 2020-03-18KfW Research

    Business climate indexes for the German venture capital market

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  • 2020-03-09KfW Research

    Financing of digitalisation and capital expenditure in SMEs – a comparison

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  • 2020-03-04KfW Research

    KfW-ifo SME Barometer February 2020

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More News

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,