In the third quarter of 2023, the growth of Baden-Württemberg's gross domestic product (GDP) will slip slightly into negative territory (see figure on the left: rates of change in GDP from the previous quarter, 2021-2024). In the two following quarters, there could be weakly positive economic growth again. As far as can be foreseen at present, 2023 will nevertheless be recorded in the statistics as a year with very weak growth.
In the third quarter of 2023, the growth of Baden-Württemberg's gross domestic product (GDP) will slip slightly into negative territory. In the two following quarters, there could be weakly positive economic growth again. As far as can be foreseen at present, 2023 will nevertheless be recorded in the statistics as a year with very weak growth. These are the results of current calculations by the Institute for Applied Economic Research (IAW) and the University of Hohenheim.
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.
