Projections for the economic situation

Here you can find the Council's evaluations regarding the likely development of the economic situation primarily in Germany and the euro area.

Economic Outlook | Published in the Annual Report 2025/26
Moderate economic momentum (PDF)
Economic Outlook | Published in the Annual Report 2024/25
(Economic) upturn fails to materialise despite improved global economy (PDF)
Economic Outlook | Published in the Spring Report 2024
Recovery of the German economy still on hold (PDF)Press Release (HTML)
Economic Outlook | Published in the Annual Report 2023/24
Economic Recovery Delayed (PDF)
Economic Outlook | Published in the Annual Report 2022/23
Economic outlook massively burdened by energy crisis (PDF)
Economic Outlook | Published in the Annual Report 2021/22
Economy: Supply-side bottlenecks dampen growth (PDF)
Economic Outlook | Published in the Annual Report 2020/21
ECONOMIC SITUATION: RECOVERY DEPENDS ON THE COURSE OF THE PANDEMIC (PDF)
Economic Outlook | June 2020
Executive Summary (HTML)Press Release (PDF)Complete Version (PDF)
Economic Outlook | Published in the Annual Report 2019/20
ECONOMIC SITUATION: SIGNIFICANT SLOWDOWN (PDF)
Economic Outlook | March 2019
Press Release (PDF)Complete Version (PDF)
Economic Outlook | Published in the Annual Report 2018/19
GLOBAL ECONOMY: SLOWER PACE OF EXPANSION, HIGH RISKS (PDF)GERMAN ECONOMY: UPTURN PUSHING AT ITS LIMITS (PDF)
Economic Outlook | March 2018
Press Release (PDF)Complete Version (PDF)
Economic Outlook | Published in the Annual Report 2017/18
Global economy picks up speed (PDF)Capacity Overutilisation in the german economy continues to rise (PDF)
Economic Outlook | March 2017
Press Release (PDF)Complete Version (PDF)
Economic Outlook | Published in the Annual Report 2016/17
Global economy: Risk of overburdening monetary policy (PDF)German economy: Expansionary monetary policy drives growth above potential (PDF)
Economic Outlook | March 2016
Press release (PDF)Complete Version (PDF, German)
Economic Outlook | Published in the Annual Report 2015/16
Global economy: In the field of tension between diverging monetary policies (PDF, German)German economy: Upswing conditions, but risks are elevated (PDF, German)
Economic Outlook | March 2015
Press release (PDF)Complete Version (PDF, German)
Economic Outlook | Published in the Annual Report 2014/15
Global economy: Euro area lags behind (PDF, German)German economy fails to revive (PDF, German)
Economic Outlook | March 2014
Press release (PDF)Complete Version (PDF, German)
Economic Outlook | Published in the Annual Report 2013/14
International economy: Signs of recovery (PDF, German)German economy: Brighter outlook (PDF, German)