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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.

Building blocks
KfW Municipality Panel 2020

Municipalities are less optimistic about their finances due to the coronavirus crisis

SMEs full of ideas
SMEs responding creatively

Many SMEs have modified their offerings, sales method and business model

New publications

  • 2020-06-22KfW Research

    Green hydrogen – a key building block for a successful energy transition

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  • 2020-06-19KfW Research

    Coronavirus crisis in Germany’s SMEs: Return to full economic activity still far off but gradual opening has eased pressure on liquidity

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  • 2020-06-18KfW Research

    KfW Credit Market Outlook June 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,