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Country Forecast Germany January 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 January 2022 Updater
  • Subjects: Central banks ; Climate change ; Cost control ; COVID-19 ; Economic indicators ; Economic statistics ; Energy industry ; Finance companies ; Foreign exchange rates ; GDP ; Gross Domestic Product ; Income taxes ; Infrastructure ; International trade ; Local elections ; Monetary policy ; Pandemics ; Political parties ; Purchasing power parity ; 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 (%) 2.7 3.3 2.9 2.0 1.9 1.9 Consumer price inflation (av, %; EU harmonised measure) 3.3 3.5 1.8 1.7 1.7 1.8 Budget balance (% of GDP) -6.3 -2.7 0.1 0.2 0.2 0.2 Current-account balance (% of GDP) 6.1 6.5 6.4 6.7 6.3 6.3 Short-term interest rate (av; %) -0.5 -0.5 -0.5 -0.5 0.1 0.5 Exchange rate US$:€ (av) 1.18 1.12 1.13 1.18 1.22 1.24 Exchange rate US$:€ (year-end) 1.14 1.11 1.15 1.20 1.23 1.25 Exchange rate ¥:€ (av) 129.9 128.4 131.4 139.1 143.7 145.7 Country forecast overview: Fact sheet Annual data 2020a Historical averages (%) 2016-20 Population (m) 82.8 Population growth 0.2 GDP (US$ bn; market exchange rate) 3,835.0 Real GDP growth 0.4 GDP (US$ bn; purchasing power parity) 4,507.3 Real domestic demand growth 1.0 GDP per head (US$; market exchange rate) 46,297 Inflation 1.2 GDP per head (US$; purchasing power parity) 54,414 Current-account balance (% of GDP) 7.7 Exchange rate (av) €:US$ 0.88 FDI inflows (% of GDP) 2.7 a Actual. Medium-term priorities include managing the transition of the automotive sector towards lower-emission vehicles; building industrial sovereignty and increasing the resilience of supply chains; managing rising tensions with Russia and China; implementing 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: ProQuest Central
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