Press release September 29, 2021

Emerging from the Corona Crisis with Slower Growth - Nowcast and Forecast of GDP for Baden-Württemberg (in German).

According to current estimates, Baden-Württemberg's gross domestic product (GDP) will grow by 1.7 percent in the third quarter of 2021 compared with the second quarter of 2021, adjusted for price and seasonal effects. This means that the positive economic development of the second quarter has continued in the summer of 2021. According to the forecast for the two subsequent quarters, however, this development will weaken. Growth rates around zero are expected for the fall and winter of 2021/22. All these forecasts are subject to considerable uncertainty due to the severe economic dislocations during the Corona pandemic.