Article in Journal
Medium-term outlook for non-residential construction in Germany
Erich Langmantel
ifo Institut für Wirtschaftsforschung, München, 2003
in: ifo Schnelldienst, 2003, 56, Nr. 12, 10-13
ifo Institut für Wirtschaftsforschung, München, 2003
in: ifo Schnelldienst, 2003, 56, Nr. 12, 10-13
![](https://www.ifo.de/DocImg/ifosd_2003_12_2.jpg?c=1689237025)
The drop in non-residential construction investments in the last ten years is the result of the adaptation of the building stock to the decreasing growth in the economy. For a reversal in the investment trend, the average annual growth rates in real GDP will have to increase by 2% annually for the rest of the decade.
JEL Classification: L740
Included in
Journal (Complete Issue)
ifo Schnelldienst 12/2003
ifo Institut für Wirtschaftsforschung, München, 2003