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Country Forecast Germany April 2022 Updater
Country Forecast. Germany, 2022
2022 The Economist Intelligence Unit Ltd. All rights reserved. Reproduced with permission of the copyright owner. No further reproduction is permitted. ;ISSN: 0966-9388 ;EISSN: 2048-9331
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Title:
Country Forecast Germany April 2022 Updater
Subjects:
Central banks
;
Climate change
;
Coronaviruses
;
Cost control
;
COVID-19
;
Energy industry
;
Foreign exchange rates
;
GDP
;
Gross Domestic Product
;
Inflation
;
Infrastructure
;
International trade
;
Local elections
;
Monetary policy
;
Natural gas
;
Pandemics
;
Political parties
;
Purchasing power parity
;
Sanctions
;
Scholz, Olaf
;
Tax rates
Is Part Of:
Country Forecast. Germany, 2022
Description:
Priorities will include boosting electric-vehicle and semiconductor production capacity, as well as renewable energy, although the degree to which this is financed by the public sector will remain a point of contention. Key indicators Key indicators 2021 2022 2023 2024 2025 2026 Real GDP growth (%) 2.9 2.5 2.2 2.0 2.0 2.0 Consumer price inflation (av, %; EU harmonised measure) 3.2 5.3 2.5 1.9 1.9 1.9 Budget balance (% of GDP) -3.5 -2.4 -0.3 0.1 0.2 0.3 Current-account balance (% of GDP) 6.3 5.5 5.9 6.2 6.2 6.3 Short-term interest rate (av; %) -0.5 -0.5 0.1 0.9 1.0 1.0 Exchange rate US$:€ (av) 1.18 1.12 1.13 1.18 1.22 1.24 Exchange rate US$:€ (year-end) 1.13 1.12 1.15 1.20 1.23 1.25 Exchange rate ¥:€ (av) 129.9 130.2 133.6 138.9 143.4 145.6 Country forecast overview: Fact sheet Annual data 2021a Historical averages (%) 2017-21 Population (m) 82.9 Population growth 0.1 GDP (US$ bn; market exchange rate) 4,215.7 Real GDP growth 0.6 GDP (US$ bn; purchasing power parity) 4,868.8 Real domestic demand growth 0.8 GDP per head (US$; market exchange rate) 50,862 Inflation 1.7 GDP per head (US$; purchasing power parity) 58,741 Current-account balance (% of GDP) 7.3 Exchange rate (av) €:US$ 0.84b FDI inflows (% of GDP) 2.8 a EIU estimates. b Actual. Medium-term priorities include addressing inflation and supply chain disruptions from the Russian invasion of Ukraine and Chinese coronavirus lockdowns; reorienting defence and security policy post-invasion managing the transition of the automotive sector towards lower-emission vehicles; building industrial sovereignty and increasing the resilience of supply chains; the rollout of fifth-generation (5G) technology, alongside continuing progress on the Industry 4.0 agenda; and transitioning the energy sector away from coal and nuclear power.
Publisher:
New York: The Economist Intelligence Unit N.A., Incorporated
Language:
English
Identifier:
ISSN: 0966-9388
EISSN: 2048-9331
Source:
AUTh Library subscriptions: ProQuest Central
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