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Annual Report 2023/24: Due to the energy crisis, lower real incomes and higher financing costs the recovery of the German economy is lagging behind: German Council of Economic Experts expects GDP to decline by 0.4% in 2023 and to grow by 0.7% in 2024. sachverstaendigenrat-wirtschaft.de/en/annualrepor…

Annual Report 2023/24: Inflation has dropped by roughly half since the beginning of 2023, but is still at 6.1 % due to strong price increases in the past winter. The German Council of Economic Experts forecasts an inflation rate of 2.6 % for 2024. sachverstaendigenrat-wirtschaft.de/en/annualrepor…

Germany must invest in its future: The main barriers to growth in the coming years include demographic ageing, low productivity growth, an outdated capital stock, and a low number of young and innovative companies. sachverstaendigenrat-wirtschaft.de/en/annualrepor…

Annual Report 2023/24: 🇩🇪's medium-term growth prospects are at a historic low. However, growth prospects can be decisively improved by increasing productivity growth, slowing down the decline in total hours worked, and through higher investments. sachverstaendigenrat-wirtschaft.de/en/annualrepor…

Annual Report 2023/24: More innovation and investment is needed to improve the potential for growth. This requires more liquid capital markets, a culture of equity investments and more venture capital. sachverstaendigenrat-wirtschaft.de/en/annualrepor…

Annual Report 2023/24: While income inequality in 🇩🇪 has hardly changed since 2005, the share of the population at risk of poverty has risen. Employment opportunities and incentives to work should be improved to increase labour market participation and reduce poverty risks.

Annual Report 2023/24: 🇩🇪 is currently entering an acute phase of demographic ageing. This will create growing tensions in the budget of the unfunded statutory pension scheme (GRV) making reforms necessary. sachverstaendigenrat-wirtschaft.de/en/annualrepor…

Annual Report 2023/24: 🇩🇪 continues to lag behind other countries in terms of availability + access to research data. To improve deficits in the scope + timely availability of data and in the possibilities of data linkage, legislative changes are necessary sachverstaendigenrat-wirtschaft.de/en/annualrepor…

Interview: Ulrike Malmendier with DW News on Germany´s short-term economic outlook and bleak medium-term growth prospects, and the need to stop the decline in total hours worked. dw.com/en/german-econ…

📢#CallforPapers We invite submissions of papers on productivity focusing on topics such as AI and Total Factor Productivity (TFP), AI's impact on the labor market, infrastructure's role in boosting TFP, and more. Deadline: 12 April 2024 For details: 👉sachverstaendigenrat-wirtschaft.de/themen/produkt…

Your financial decisions are heavily swayed by your past experiences... like it or not. Listen to behavioral economist Ulrike Malmendier Ulrike Malmendier @berkeleyHaas in the latest IMFPodcast bit.ly/49ZvQ7W