The Economists at the Essen-based RWI-Leibniz Institute for economic research corrected its growth forecast for the current year. For 2019, the economic researchers expect growth of 0.9 per cent. So far, the RWI Institute, said an increase in the gross domestic product of 1.4 percent advance.
Previously had already been reduced, the Organisation for economic co-operation and development (OECD) forecast from 1.6 to 0.7 per cent. The Federal government is expected for 2019, a growth of one percent.
The danger of a recession, the RWI estimates, however, as rather low. “The German economy is not developing at the moment and too dynamic, there is nothing suggests, however, that the recession”, said the chief economist of the Essen Institute, Roland Döhrn.
For 2020, the researchers expect 1.5 instead of 1.6 percent growth. The higher growth rate for 2020 based mainly on significantly more working days than in the current year.
unemployment in Germany will fall in the estimation of the RWI. The unemployment rate in 2018 stood at 5.2 per cent, so you’ll likely drop this year to 4.8 percent in the year 2020, to 4.6 percent fall.