How the economy will develop in the near future can only be estimated. Governments, international organizations and economic researchers regularly try to predict economic developments as accurately as possible using various assumptions. Among other things, forecasts form the basis for tax estimates and budget planning by the state.
The forecasts for economic growth sometimes vary greatly and are regularly corrected upwards or downwards over the course of a year. The current forecasts for the development of the German gross domestic product (GDP) at a glance.