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Updated Economic Outlook for 2022 and 2023: The German Council of Economic Experts has lowered its outlook for 2022 and expects a GDP growth of 1.8% in Germany. For 2023, the Council expects a growth rate of 3.6%.
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Background information: The German Council of Experts discusses in detail the effects of a possible end to energy supplies from Russia on energy security and economic output.
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The German Council of Economic Experts has revised its growth forecast for 2021 downwards and expects a GDP growth of 3.1 % in Germany. In the euro area, the GCEE expects the GDP to grow by 4.1 % this year.
