Macro - Country Economic Forecasts - Germany
Russia's invasion of Ukraine will materially undermine this year's recovery. We have further revised down our forecasts this month due to expected higher inflation this year and our more downbeat view on the industrial outlook, given a swift hit from new supply bottlenecks already in March. We now expect GDP growth of 2.0% in 2022, down from 2.4% last month. Our 2023 GDP growth forecast has been edged down slightly to 3.1% from 3.2%.
- Germany: Higher energy prices, new bottlenecks are a drag on growth
- Forecast overview
- Recent developments
- Short-term outlook
- Key drivers of our short-term forecast
- Economic risk
- Economic risk evaluation
- Risk warnings
- What to watch out for
- Exposure to key global risks
- Long-term prospects
- Background
- Economic development
- Structure of the economy
- Balance of payments and structure of trade
- Policy
- Politics
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