Enlarge image
Freight train in Brandenburg
Photo: Soeren Stache / dpa
Leading economic research institutes have revised their expectations of the upswing this year downwards.
According to the so-called joint diagnosis, they only expect GDP growth in Germany of 2.4 percent.
In the spring, the leading economic institutes had expected that after the corona-related collapse of the economy in 2020, gross domestic product would increase by 3.7 percent this year.
In 2020 as a whole, gross domestic product fell by 4.9 percent.
The German economy is currently burdened primarily by supply bottlenecks for raw materials and intermediate products.
Several economists and business associations had therefore lowered their forecasts in recent weeks.
The situation is also having a negative impact on the important German exports, which lost momentum in August.
For the first time since May 2020, the companies delivered less abroad than in a previous month, as the Federal Statistical Office announced last Friday on the basis of preliminary data.
However, exports were still above the pre-crisis level of February 2020.
The so-called joint diagnosis of the institutes is drawn up twice a year, in spring and in autumn.
The German Institute for Economic Research, the Ifo Institute, the Institute for World Economy, the Leibniz Institute for Economic Research Halle and the RWI Leibniz Institute for Economic Research Essen are currently involved.
dab / dpa
