Press release December 22, 2021

Fourth Quarter 2021: Nowcast and Forecast of GDP for Baden-Württemberg - Zero Growth Remains for the Time Being (in German).

The economic recovery from the Corona crisis is receding further into the distance in Baden-Württemberg. According to the latest nowcast from the IAW and the University of Hohenheim, Baden-Württemberg's gross domestic product (GDP) declined by 0.3 percent in the fourth quarter of 2021 compared with the third quarter of 2021 after adjusting for prices and seasonal factors. The third quarter had already developed weaker than expected. According to the forecast for the two subsequent quarters, the weak development will continue into 2022. However, all current forecasts are still subject to considerable uncertainty due to the severe economic dislocations during the Corona pandemic, as the further forecast intervals show.