목차
1 Macroeconomic outlook
1.1 The German economy is emerging only slowly from stagnation
Underlying conditions for the Forecast for Germany
Details on the forecast of expenditure components
1.2 Temporary marked weakening of labour market
1.3 Much weaker wage growth in future after another strong year in 2024
1.4 The inflation rate is still elevated in 2025, but then gradually returns to 2%.
2 Outlook for public finances
3 Risk assessment
The possible impact on the German economy of measures announced by the incoming US
administration
