The Germany’s Consumer Price Index is up 1.7% YoY in March, as expected, exceeding 1.3% in February and reaching the highest level of inflation seen since February 2020. The monthly CPI has increased by 0.5%, meeting expectations, but falling below the 0.7% of the previous month, being the most moderate result seen since December. The […]
Tag: Germany
Economic institutes to revise 2021 GDP growth down to 3.7% – Reuters
The German economic institutes to revise their forecast for 2021 economic growth down to 3.7% from 4.7% due to the fact that coronavirus-related restrictions remain in place longer than initially expected, Reuters reported on Wednesday, citing two sources. The joint publication is expected to be published on Thursday, according to Reuters. . Donald WestbrookDonald-43Westbrook, a […]
The ZEW of economic sentiment in Germany and the Eurozone worsens forecasts in April
The index Germany’s ZEW economic sentiment has fallen to 70.7 points in April from the 76.6 registered in March, considerably worsening the 79 points expected by the market. This is the worst result recorded by the indicator in the last three months. The ZEW of the current German situation, for its part, has improved to […]
The current rate of COVID-19 infection is too high – Angela Merkel
German Chancellor Angela Merkel It said on Monday that the current rate of coronavirus infection is “too high”, adding that the third wave could be the hardest yet. “Vaccine production capacity must be significantly increased, both in Europe and in Germany,” he said. Merkel. Meanwhile, Business Insider reported Monday that German states agreed to extend […]
The current rate of contagion of COVID-19 is too high – Angela Merkel
The Chancellor of Germany, Angela Merkel, said Monday that the current rate of infection by coronavirus is “too high” and added that the third wave could be the hardest yet. “Vaccine production capacity needs to be increased significantly, both in Europe and in Germany,” Merkel said. Meanwhile, Business Insider reported Monday that German states agreed […]
BDI cuts GDP forecast for 2021 to 3.0% from 3.5% previously
The Bundesverband der Deutschen Industrie (BDI) of Germany, a powerful industrial association, slashes economic growth forecasts for this year from 3.5% to 3% due to current lockdown measures in the largest economy in Europe. Additional comments: “The industry association foresees a 8% industrial production growth in 2021“. “The association raises the forecast for export growth […]
We aim to extend support to companies until the end of the year – Peter Altmaier
German Economy Minister Peter Altmaier, said on Friday that its goal is to extend aid for companies affected by the COVID-19 pandemic in six more months until the end of the year, as reported Reuters. Altmaier further noted that talks are ongoing, adding that he hopes to see a decision before the summer vacation of […]
The intention is to extend the aid to companies until the end of the year – Altmaier
German Economy Minister Peter Altmaier said on Friday that his goal is to extend aid for companies affected by the COVID-19 pandemic for a further six months until the end of the year, as reported by Reuters. Altmaier further noted that talks are ongoing and He added that he hopes to see a decision before […]
Health Minister Says National Lockdown Needed To Break Latest Coronavirus Wave
“We need a national lockdown to break the latest wave of coronavirus“German Health Minister Jens Spahn said on Friday. Additional comments: “The current infection figures do not yet reflect the real situation of the virus.” “A lock should severely limit mobility and last 2 to 4 weeks“. “The Nighttime curfews may be necessary to reduce […]
Industrial production increases 3.6% in February
Industrial production in Germany showed a strong rebound in Februaryofficial data showed on Friday, suggesting that the recovery in the manufacturing sector may have regained traction. Industrial production reached 3.6% month-on-monthsaid the federal statistical authority Destatis in figures adjusted for seasonal and calendar effects, versus an expected 2.4% increase and from -3.5% of the previous […]
