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Country Forecast Germany 1st Quarter 2024 Updater

Country Forecast. Germany, 2024

2024 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 1st Quarter 2024 Updater
  • Subjects: Aging ; Cost control ; Economic indicators ; Economic statistics ; Electricity distribution ; Energy industry ; Environmental policy ; Foreign exchange rates ; GDP ; Gross Domestic Product ; Inflation ; Infrastructure ; International trade ; Political parties ; Purchasing power parity ; Tax rates ; Trade surplus
  • Is Part Of: Country Forecast. Germany, 2024
  • Description: Key indicators Key indicators 2023 2024 2025 2026 2027 2028 Real GDP growth (%) -0.1 0.3 1.4 1.5 1.4 1.3 Consumer price inflation (av, %; EU harmonised measure) 6.0 2.1 1.9 1.9 2.0 2.0 Budget balance (% of GDP) -2.2 -1.5 -0.9 -0.5 -0.6 -0.5 Current-account balance (% of GDP) 7.2 6.2 5.5 5.5 5.4 5.5 Short-term interest rate (av; %) 3.4 3.6 2.5 1.8 1.8 1.8 Exchange rate US$:€ (av) 1.08 1.10 1.14 1.16 1.17 1.17 Exchange rate US$:€ (year-end) 1.11 1.12 1.15 1.16 1.17 1.17 Exchange rate ¥:€ (av) 152.1 147.9 132.9 124.5 122.6 122.6 Country forecast overview: Modest adjustments aimed at mitigating the energy price shock, incentivising green investment and encouraging clean energy use. 2026-28: Energy transition focuses on national hydrogen strategy, power grid improvement and new liquefied natural gas terminals to reduce exposure to Russia. Fact sheet Annual data 2023a Historical averages (%) 2019-23 Population (m) 84.7 Population growth 0.4 GDP (US$ bn; market exchange rate) 4,458.6b Real GDP growth 0.3 GDP (US$ bn; purchasing power parity) 5,766.9 Real domestic demand growth 0.6 GDP per head (US$; market exchange rate) 52,640 Inflation 3.9 GDP per head (US$; purchasing power parity) 68,087 Current-account balance (% of GDP) 6.9 Exchange rate (av) €:US$ 0.92b FDI inflows (% of GDP) 2.0 a EIU estimates. b Actual.
  • 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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