According to Reuters, the Chancellor of Germany, Angela Merkel, has called an unexpected meeting to discuss the blocking measures. The meeting is scheduled for 10:00 GMT. This occurs when the 7-day incidence rate has risen to 108.1 on Wednesday and about 16,000 new coronavirus infections were reported. On Tuesday, the German leader said that “we […]
Tag: Germany
IFO cuts GDP growth forecast for 2021 to 3.7%
The Institute Germany’s IFO has cut its economic growth forecast this year, citing that the prolonged lockdown in Europe’s number one economy is hurting prospects for recovery. Key Comments: “IFO cut its 2021 growth forecast for Europe’s largest economy to 3.7% from 4.2% previously“. “The coronavirus crisis is dragging on and this is reversing the […]
Preliminary manufacturing PMI rises to 66.6 points in March from 60.8 expected
The German manufacturing PMI reaches 66.6 in March compared to the expected 60.8. The PMI for services in Germany expands to 50.8 in March from 46.2 expected. EUR / USD bounces towards 1.1830 thanks to bullish German PMIs. The German manufacturing sector beat expectations in March, as the preliminary report of the manufacturing activity of […]
The Canary Islands And Madrid Concentrate The Nights In Hotels At The Start Of 2021
The restrictions due to the pandemic, both outside and within our borders, are reducing the occupancy of hotels to a minimum. Overnight stays in this type of establishment fell 86% in February, similar to January, up to 2.3 million nights. Only 16.4% of the places offered were covered, with an annual decrease of 67.6%. The […]
Merkel says Germany is now in a very dire situation
Following the conclusion of the meeting with the prime ministers of state on Tuesday morning, the German Chancellor, Angela Merkel, has expressed concern about the seriousness of the coronavirus situation in the country. Has confirmed that the blockade in the country will last until April 18. Europe’s largest economy struggles with rising covid cases and […]
Bundesbank says economy is likely to contract sharply in first quarter
The German economy is likely to contract at a strong pace in the first quarter of the year due to coronavirus-related restrictions, Germany’s Bundesbank said in its monthly report on Monday, Reuters reports. “Measures to contain the pandemic are stricter on average in the current quarter than in the previous“, the Bundesbank explained.” Therefore, it […]
Airlines Increase The Offer Of Flights For Easter ‘only’ For International Tourism
The airlines are preparing for an atypical Easter, with regional but not international restrictions, and are increasing their offer of flights for these dates. There will be a strange situation, which is that the Spaniards will not be able to move between provinces (that is, go on vacation), but we can go outside, since the […]
ZEW Economic Sentiment Index improves to 76.6 points in March and beats estimates
German ZEW economic sentiment hits 76.6 points in March compared to the expected 74.0. The current ZEW situation for Germany was -61.0 points in March compared to the -62.0 expected. EUR / USD is still not strengthening after the bullish ZEW numbers. German ZEW figures for March showed that the economic sentiment index has risen […]
RKI says COVID-19 cases are growing exponentially again in the country
Coronavirus infections are spreading exponentially once again in the country, with an increase of 20% in the last weekGerman Robert Koch Institute (RKI) epidemiologist Dirk Brockmann told ARD television on Tuesday. Key Comments: “We are exactly on the flank of the third wave. That can no longer be discussed. And at this point we have […]
Ministry of Health decides to stop administering the AstraZeneca vaccine
The German Ministry of Health announced on Monday that has decided to stop administering the AstraZeneca coronavirus vaccine, as reported by Reuters. Meanwhile, the health minister of Poland’s Adam Niedzielski said on Monday that they believe the benefits of using the AstraZeneca vaccine outweigh the risks. Earlier in the day, The World Health Organization (WHO) […]
