The German Institute for Economic Research is one of the most influential and authoritative. It was founded back in 1925 and has received a huge number of prestigious awards for the best research and forecasts in various sectors of the economy.
Today, in an official forecast, the German Economic Institute DIW worsened its forecast for German GDP dynamics in 2023 to -0.4% from -0.2%.
It is generally accepted among economists that if a country’s GDP deteriorates for more than three months, then such a country is at the stage of default or in deep stagnation of economic growth.
