ifo Economic Forecast Summer 2025: Recovery is on the Way – Economic Policy Uncertainties Remain High

  • Timo Wollmershäuser
  • Stefan Ederer
  • Friederike Fourné
  • Max Lay
  • Robert Lehmann
  • Sebastian Link
  • Moritz Schasching
  • Tiphaine Wibault
  • Gerome Wolf
  • Lara Zarges

At the beginning of 2025, economic output in Germany grew strongly. In addition to advance sales by German exporters to US customers, domestic forces also contributed to this. Overall, a number of indicators suggest that the crisis in the German economy is likely to have bottomed out in the past winter half-year.