The Germany’s preliminary Gross Domestic Product for the first quarter of 2021 stood at -1.7%, worsening the expected -1.5%. In the fourth quarter of last year, the economy grew 0.3%. This is the first drop in GDP since the second quarter of 2020. Annual GDP has fallen 3% in the first quarter of the year, […]
Tag: Germany
Annual inflation rises to 2% in April, above the 1.9% expected
The inflation in Germany, measured by Consumer’s price index (IPC), rose 0.7% in April, according to preliminary data. The data was above the consensus that was for a rise of 0.5%. Compared to a year ago, the increase was 2%, higher than the 1.9% expected. More details in the publication revealed that the Harmonized Index […]
Government raises the economic growth forecast for 2021 from 3% to 3.5%
The german government raised the GDP growth forecast for 2021 to 3.5% from the 3.0% estimated in the January outlook, as confirmed Tuesday by Economy Minister Peter Altmaier. Additional comments: A forecast of GDP growth for 2022 of 3.6% in the first official estimate. It is expected that the Consumer price inflation rises to 2.2% […]
Government to raise GDP growth forecast for 2021 to 3.5% – Reuters
The government is expected German revise its growth forecast for Gross Domestic Product (GDP) from 3% (January report) to 3.5% Reuters reported Monday, citing sources familiar with the matter. For him 2022, the government of Germany expects the economy to will expand 3.6%. The government reportedly believes that the better-than-expected growth dynamics observed in the […]
Third wave of coronavirus and production bottlenecks are slowing recovery
Following the publication of IFO’s latest German business survey, institute economist Klaus Wohlrabe said that “the third wave of coronavirus and production bottlenecks are undermining the economic recovery“. Additional comments: “The upward trend continues, but moderate“. “The industry is booming, but it has problems with pre-production“. “45% of industrial companies complain of problems with pre-production […]
Germany IFO Data Disappointing in April
German IFO data for the month of April have worsen expectations on all fronts, causing a small pullback in the euro towards the daily lows of 1.2088 / 90. The IFO for German business climate has risen in April to 96.8 from 96.6 points in March, its best result since June 2019. Despite this rise, […]
Manufacturing PMI falls to 66.4 in April but improves expectations
The Germany Markit Manufacturing PMI it has fallen two tenths in the preliminary reading for April, standing at 66.4 compared to 66.6 in March. The result unexpectedly improves the 65.8 points predicted by the experts. The services PMI has fallen to 50.1 from 51.5 the previous month, worsening the 50.8 points expected by the market. […]
“the Damage To Russia Will Be Enormous.” Former German Ambassador To Russia On Whether Putin Will Risk War
Even if Moscow never admits itbutNo, in the long term, it is interested in a partnership with Europe, and therefore it is doubtful that its President Vladimir Putin is ready to risk a major war now. Rüdiger von Fritsch, German Ambassador to the Russian Federation from March 2014 to September 2019, writes about this in […]
The government will significantly raise 2021 GDP growth forecast – Peter Altmaier
German Economy Minister Peter Altmaier said on Thursday that he expects the German government to upgrade its GDP growth forecast for 2021 significantly from 3%, Reuters reported. “Not only will we be able to stop the economic recession this year, but we will also be able to reverse it and regain our old strength next […]
Spahn says 20% of the population is still expected to be vaccinated by the end of April
German Health Minister Jens Spahn has said that still expects 20% of the population to be vaccinated by the end of April. Germany has administered more than 19.2 million doses of vaccines, but as of Tuesday only 6.2% of its population has been fully vaccinated. His comments come after the country registered nearly 30,000 new […]
