Despite slightly higher current and forecast growth rates, economic development in Baden-Württemberg remains subdued. There is still no sign of a consistent upward trend. According to the latest nowcast from the Institute for Applied Economic Research (IAW) and the University of Hohenheim, gross domestic product (GDP) - adjusted for seasonal and working-day effects - will increase at a growth rate of 0.4% in the second quarter of 2024 compared to the first quarter. However, this positive development may not be sustainable, as forecasts for the third and fourth quarters predict a temporary return to zero growth.
April 22, 2024: Online event "The Rural Area in Dialogue between Science and Practice" of the Rural Academy and the Ministry of Food, Rural Areas and Consumer Protection Baden-Württemberg
What influences economic development in rural areas of Baden-Württemberg (in German)?
No significant economic growth is expected in Baden-Württemberg in the first quarter of 2024 either. According to the latest nowcast from the Institute for Applied Economic Research (IAW) and the University of Hohenheim, gross domestic product (GDP) - adjusted for seasonal and working day effects - will only increase at a growth rate of 0.1% compared to the fourth quarter of 2023. The two subsequent quarters will also be characterised by low economic momentum, with the forecast growth rate moving only slightly upwards.
Between collaboration and competition: co-located clusters of different industries in one region – the context of Tuttlingen’s medical engineering and metal processing industries
In: Regional Science Policy & Practice, 15(2), 288-325, April 2023. https://doi.org/10.1111/rsp3.12581
