Business Cycles

Overview

One of the key objectives of the German Council of Economic Experts is to describe and analyse the overall economic situation and its future development under consideration of relevant national and international driving factors. The German Council of Economic Experts forecasts economic developments in a total of 51 economies worldwide, including Germany and the euro area. For Germany, the development of the labour market and public finances are also analysed and forecast. In addition to forecasting the short-term deviation of the economic situation from the growth path, the GCEE assesses the growth prospects of the German economy beyond the short-term forecast horizon as part of a detailed medium-term projection.

Latest Economic OutlookBusiness cycles of the German economy

Publications

Report

High energy prices weigh on the cyclical recovery

Spring Report 2026, Chapter 1 (Download)

Report

Moderate economic momentum

Annual Report 2025/26, Chapter 1 (Download)

Report

US trade policy burdens the economy – fiscal package provides impulses

Spring Report 2025, Chapter 1 (Download)

more

Time series download

We offer here relevant time series including economic forecasts.

Economic Indicators for Germany (XLSX, in German)Additional time series