Growth comes to a standstill

According to the latest nowcast from the IAW and the University of Hohenheim, Baden-Württemberg's gross domestic product (GDP) declined by 0.2 percent in the fourth quarter of 2022 compared with the previous quarter, after adjusting for prices and seasonal factors. Slight economic growth of 0.3 percent is again forecast for the first quarter of 2023. The predicted economic situation thus deteriorates compared with the previous nowcast of September 2022.

Forecast for the 4th quarter 2022 (in German)