Press releases

Baden-Württemberg economy in the cold zone: Forecast for the third quarter of 2024.

Gross domestic product (GDP) continued to decline in Baden-Württemberg in the third quarter of 2024. According to the latest nowcast from the Institute for Applied Economic Research (IAW) and the University of Hohenheim, GDP - adjusted for seasonal and working day effects - fell by 0.2% in the third quarter of 2024 compared to the second quarter. If the results of the nowcast are confirmed, this would be the fifth quarter in a row with negative economic growth. No fundamental change in the trend is discernible for the two subsequent quarters either.

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Baden-Württemberg economy: only weak growth signals.

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.

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