Baden-Württemberg economy: The weak phase continues
According to the current nowcast of the Institute for Applied Economic Research (IAW) and the University of Hohenheim, the Baden-Württemberg economy will grow by 0.4 percent in the second quarter of 2023 compared to the previous quarter. Together with the forecasts for the third and fourth quarters, this results in a projected growth rate for 2023 as a whole of 0.6 percent compared to 2022. This would mean that the economy would only grow by half as much as in 2022.
Baden-Württemberg economy: The weak phase continues (in German).
According to the current nowcast of the Institute for Applied Economic Research (IAW) and the University of Hohenheim, the Baden-Württemberg economy will grow by 0.4 percent in the second quarter of 2023 compared to the previous quarter. Together with the forecasts for the third and fourth quarters, this results in a projected growth rate for 2023 as a whole of 0.6 percent compared to 2022. This would mean that the economy would only grow by half as much as in 2022.
Press release March 16, 2023
Baden-Württemberg in winter recession (in German).
In the first quarter of 2023, the economy in Baden-Württemberg is expected to decline by 0.2 percent compared to the fourth quarter of 2022, adjusted for seasonal and working-day effects. According to preliminary calculations, economic output already declined by 0.3 per cent in the previous quarter. According to the common definition, Baden-Württemberg is then in a recession phase.
Baden-Württemberg in the Winter Recession.
In the first quarter of 2023, the economy in Baden-Württemberg is expected to contract by 0.2 percent compared with the fourth quarter of 2022, adjusted for seasonal and working-day effects. Already in the previous quarter, according to preliminary calculations, economic output already declined by 0.3 percent in the previous quarter. According to the commonly used definition, Baden-Württemberg is then in a recession phase.
