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Macro - Country Economic Forecasts - Germany

Publisher Oxford Economics
Published Mar 15, 2022
Length 10 Pages
SKU # OFE17034031

Description

Macro - Country Economic Forecasts - Germany

The Russian invasion of Ukraine will materially undermine this year's recovery. The headwinds will primarily come via higher energy prices that will heavily curtail consumers' real incomes and the rebound in spending. New supply disruptions are also set to constrain the budding recovery in industrial production, at least in the near-term. We now expect GDP growth of 2.4% in 2022, down from 3.5% last month. Our 2023 GDP growth forecast has been raised slightly to 3.2% from 3.0% in part due to higher defence spending, but we are considering additional forecast cuts.

Table of Contents

10 Pages
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
Germany: Higher energy prices, new bottlenecks are a drag on growth
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

Pricing

Currency Rates
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