- Aug 10
Economist Schularick says Pistorius wastes €700 billion Bundeswehr budget on tanks and frigates
Kiel Institute president Moritz Schularick told the Süddeutsche Zeitung that Defense Minister Boris Pistorius is spending much of the €700 billion Bundeswehr modernization budget on tanks and frigates instead of AI, drones and robotics, warning the program risks fizzling out.
- Jun 11
IfW Kiel holds 2026 German growth forecast at 0.8% despite Iran war, cuts 2027 outlook to 1.0%
The Kiel Institute for the World Economy maintained its 0.8% GDP growth forecast for Germany in 2026, bucking a wave of downgrades by other forecasters, but lowered its 2027 projection from 1.4% to 1.0% as the Iran war keeps commodity prices elevated.
- Jun 11
Russia's war economy hits its limits: reserves near depletion, growth stalls, and dependence on China deepens, Kiel Institute study finds
More than four years into the invasion of Ukraine, a new study by the Kiel Institute and the Stockholm Institute of Transition Economics finds Russia's fiscal reserves largely exhausted, growth at a standstill, and a structural dependence on China that weakens Moscow's long-term position.
