<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The leading economic research institutes have raised their forecast for growth in German economic output in the current year to 0.3%. In the fall of 2022, they were still expecting a decline of 0.4%. The economic setback in the winter half-year 2022/2023 is likely to have been less severe than feared in the fall. The main reason for this is a smaller loss of purchasing power as a result of a significant drop in energy prices. Nevertheless, the rate of inflation will fall only slowly from 6.9% last year to 6.0% this year.</p>
</abstract>

The leading economic research institutes have raised their forecast for growth in German economic output in the current year to 0.3%. In the fall of 2022, they were still expecting a decline of 0.4%. The economic setback in the winter half-year 2022/2023 is likely to have been less severe than feared in the fall. The main reason for this is a smaller loss of purchasing power as a result of a significant drop in energy prices. Nevertheless, the rate of inflation will fall only slowly from 6.9% last year to 6.0% this year.

Stubborn Core Inflation – Time for Supply Side Policies

Wirtschaftsdienst

This work is licensed under the Creative Commons Attribution 4.0 International License.

Gemeinschaftsdiagnose Frühjahr 2023: Inflation im Kern hoch – Angebotskräfte jetzt stärken

The leading economic research institutes have raised their forecast for growth in German economic output in the current year to 0.3%. In the fall of 2022, they...

Stubborn Core Inflation – Time for Supply Side Policies

Published Online: May 14, 2023

Page range: 259 - 263

DOI: https://doi.org/10.2478/wd-2023-0080

© 2023 Oliver Holtemöller et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.