German Council Of Economic Experts

GCEE Publishes First Spring Report

Annual Reports vs. Spring Reports

The GCEE's Role

The German Council of Economic Experts (GCEE) advises the German government on economic policy. The Council submits its annual report in mid-November. For the first time, the GCEE is publishing a Spring Report, which will consist of the Annual Report.

Economic Outlook

The GCEE expects real gross domestic product (GDP) in Germany to decline by 0.4% this year and to rise by 0.7% in 2024. The Council cites the war in Ukraine, rising energy prices, and supply chain disruptions as factors contributing to the economic slowdown.

Conclusion

The GCEE's Spring Report provides valuable insights into the German economy and its prospects for the coming year. The Council's analysis highlights the challenges facing the German economy, but also points to signs of resilience and recovery. The Spring Report is a must-read for anyone interested in the German economy or economic policy.