The Markit Services PMI index for the Eurozone fell one point in January, falling to 45.4 from 46.4 in December, being the worst figure seen since November. The result, however, has improved the 45 points expected by experts. In Germany, the PMI for services has fallen only three tenths, standing at 46.7 in January from […]
Tag: Germany
The EU economy falls 6.4% in 2020 and 6.8% in the eurozone due to the pandemic
Gross domestic product plummeted 6.4% in the European Union and 6.8% in the euro area in 2020 as a result of the coronavirus pandemic, ending seven years of growth in both areas, according to preliminary data published this Tuesday by Eurostat and collected by Efe. In Spain, the fall was historic: 11%, the worst figure […]
The fear of a second recession gains weight in Europe with Spain at a disadvantage
Europe fears a new recession and has very few tools to own its destiny in the short term. The president of the European Central Bank said it a few days ago, Christine Lagarde, the economists warn and begin to suggest (although not yet confirm) the data. The fourth quarter of 2020 was bad, but not […]
Germany: We are going to vaccinate 10 million people in the first quarter
German Chancellor Angela Merkel said on Tuesday they plan to vaccinate 10 million people in the first quarter, Reuters reported. Additional conclusions “It was right not to seek emergency approval, we need people to trust vaccines.” “All vaccines that have been approved by the EMA are welcome in the EU, including Chinese and Russian vaccines.” […]
GDP collapse: has the pandemic affected other countries as much as Spain?
The figure published by the National Institute of Statistics leaves no room for doubt: Spain’s GDP fell by 11% in 2020, the worst result in history in peacetime. Although Spain has not been the only country that has suffered this financial setback derived from the pandemic, its fall has been one of the hardest. The […]
Germany closes its borders this Saturday to citizens from countries with variants of coronavirus
The nationals and citizens of those countries residing in Germany, passengers in transit and transporting goods, escape this restriction. Germany will ban from this Saturday the entry into the territory of citizens from countries with high rates of infection by variants of coronavirus, according to the Interior Ministry. The countries affected by the measure are […]
Preliminary GDP for the fourth quarter of 2020 grows 0.1% compared to the 0% expected
The Preliminary Gross Domestic Product for the fourth quarter of 2020 in Germany has grown by 0.1%, exceeding the expected 0%, although it is far from the 8.5% registered in the third quarter. The new restrictions imposed in Germany as measures to protect against the spread of the Covid have made a dent in the […]
Harmonized annual CPI increases to 1.6% in January compared to the 0.5% expected
Germany’s annual Harmonized CPI rose sharply in January amid changes in VAT. EUR / USD remains in negative territory slightly below 1.2100. Inflation in Germany, measured by the consumer price index CPI, was 0.8% in January, Destatis reported in its preliminary estimate Thursday. Further, the annual CPI rose to 1% from -0.3% in December. Further, […]
Germany: The German economy will return to its pre-crisis level in the second half of 2022
With the coronavirus shutdown coming to an end in Germany, many sectors will grow rapidly, the German economy minister said on Wednesday, Peter Altmaier, Reuters reported. Altmaier further noted that they expect the German economy to return to its pre-crisis level by the second half of next year. Market reaction These comments were largely ignored […]
DIW says the economy is likely to contract 3% in the first quarter of 2021
Germany, Europe’s largest economy, it will probably contract 3% in the period January to March 2021, as the latest forecasts published by the German economic institute DIW showed on Wednesday. Key Comments: “First quarter German GDP is expected to fall 3% QoQ”. “Forecast German GDP for the fourth quarter unchanged QoQ.” “The blocking measures are […]
