There is evidence that a budget consolidation strategy can work with only a small and short lived negative impact on growth. However, this time consolidation is taking place in the aftermath of a deep crisis which had lead to increased levels of uncertainty. In addition the financial sector, as...

The European project is a long-run success story. Up to the 1990s, Europe thrived and experienced rising prosperity, as well as a catching up process with technology frontiers, while simultaneously extending its welfare model. The integration process, starting with six member states, led to a...

The European project is a long-run success story. Up to the 1990s, Europe thrived and experienced rising prosperity, as well as a catching up process with technology frontiers, while simultaneously extending its welfare model. The integration process, starting with six member states, led to a...

There is evidence that a budget consolidation strategy can work with only a small and shortlived negative impact on growth. However, many countries are currently trying to consolidate at the same time as firms and consumers are deleveraging. We develop ten guidelines for consolidation during...

WWWforEurope has developed a comprehensive strategy to set Europe on a path to a socio-ecological transition. The strategy begins by renouncing the long-established concept of using GDP growth figures as the benchmark for economic and societal progress. In contrast, it sets “well-being in a...

Die wirtschaftliche Entwicklung in Deutschland ist mit hoher Dynamik in das Jahr 2011 gestartet. Vieles spricht derzeit dafür, dass das Jahr 2011 mit einer Zunahme des BIP von 2,7 % ein Jahr des Aufschwungs sein wird. Dabei wird sowohl die Binnen- als auch die Auslandsnachfrage die Konjunktur...

The German economy entered the year 2011 buoyantly. The upswing is expected to continue throughout 2011 with GDP increasing at an average rate of 2.7%. Both internal and external demand will drive the economy. In the course of the forecast horizon, however, economic activity will become less...

Die deutsche Wirtschaft ist im Jahr 2012 nur schwach gewachsen. Das Bruttoinlandsprodukt (BIP) stieg im Jahresdurchschnitt um 0,7 %, im Jahresverlauf sogar nur 0,4 %. Die Aussichten für den Prognosezeitraum sind verhalten optimistisch. Die Weltkonjunktur wird sich vorerst nur allmählich...

The German economy achieved only a weak growth performance in 2012. GDP grew by 0.7 % on annual averages and by just 0.4 % over the course of the year. The prospects during the forecast period are mildly optimistic. The global economy will initially pick up only slowly, but the growth dynamic is...