Forecasts by economists differ drastically



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Economic heads of the leading institutes at the last presentation of their joint forecast in April 2022 (from left): Oliver Holtemöller (IWH), Martin Gornig (DIW, is currently suspended), Stefan Kooths (IfW), Timo Wollmershäuser (Ifo), Torsten Schmidt (RWI ).

(Photo: Imago Images)

Berlin A recession in Germany is unstoppable. Or? Three leading German economic research institutes see it that way. That Ifo Institute from Munich sees a minus of 0.3 percent in 2023the Kiel Institute for the World Economy (IfW) more than twice as big and the Halle Institute for Economic Research (IWH) even a five times bigger recession.

In Essen, however, where the Leibniz Institute for Economic Research (RWI) is based, the economists see things differently. You expect the German economy to grow further in the coming year. The disagreement over the development of inflation is even greater. The forecasts range from 3.5 percent to ten percent. A scheme that runs through almost all the key data of the new economic forecasts.

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