Chancellor Angela Merkel has harshly criticized the management of the pandemic in Germany (which corresponds to the LÃ € under) and has advocated for more severe measures of those that are already in force before the “tinderbox” that supposes the appearance of new strains of the coronavirus, including the prohibition of travel. “This issue has gotten […]
Tag: Germany
Germany will push for the strengthening of the World Trade Organization
The German Chancellor, Angela Merkel, said today Tuesday that Germany will push for the strengthening of the World Trade Organization (WTO) and noted that the WTO is the foundation for fair trade, Reuters reported. Featured statements: “We welcome the United States to rejoin the World Health Organization after the election of Joe Biden “. “It […]
Ministry of Health says news about lower efficacy of AstraZeneca vaccine cannot be confirmed
In response to media news about the efficacy of AstraZeneca’s coronavirus vaccine, Germany’s Health Ministry has said they cannot confirm local news. Additional comments: “Data does not suggest efficacy of just 8% for older people“. “Reiterate that awaits the decision of the EMA about the AstraZeneca vaccine on Friday. “ The news of German media […]
Merkel says management of the pandemic has “gotten out of control”
Amid growing concerns about the coronavirus across the Old Continent, the German Chancellor, Angela Merkel has said that the country’s management of the pandemic has “gotten out of control”the Bild newspaper reported Tuesday. Key Comments: “The potential threat from different virus variants, which spread more rapidly, means that Germany is ‘sitting on a powder keg’, […]
Germany expects the EMA to approve the AstraZeneca vaccine this Friday
A spokesman for the German Ministry of Health said on Monday that The European Medicines Agency (EMA) is expected to approve the coronavirus vaccine developed by AstraZeneca and the University of Oxford on Friday., as reported by Reuters. Meanwhile, Sky News reported that European Union officials will hold a virtual meeting with AstraZeneca about unexpected […]
The German economy is expected to reach pre-crisis levels by mid-2022
The German Economy Ministry expects the German economy to reach pre-crisis levels by mid-2022Reuters reports Monday citing a draft government document. Additional details from the report reveal that the ministry forecasts a debt-to-GDP ratio of 72.5% in 2021 and 68.75% in 2024. . Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional […]
The economy will stagnate in the first quarter of 2021 amid low confidence
Following the release of IFO’s latest German business survey, institute economist Klaus Wohlrabe has said the economy is starting the new year with little confidence. Additional comments: “We wait a stagnation of GDP in the first quarter“. “The industry remains well positionedIt wants to do more and export expectations have increased ”. “Retail has collapsed“. […]
IFO’s Business Climate Index falls short of estimates by 90.1 points in January
IFO’s German Business Climate Index stood at 90.1 in January. IFO’s current economic assessment stood at 89.2 this month. Germany’s IFO Expectations Index for January reached 91.1. He IFO’s general business climate index for Germany falls sharply to 90.1 points in January from 92.2 the previous month and coming in below the estimates of 91.8 […]
Preliminary services PMI exceeds estimates with 46.8 points in January
The German manufacturing PMI reached 57.0 points in December, below the 57.5 expected. The PMI for services in Germany improves to 46.8 points in December, above the 45.3 expected. EUR / USD bounces from the 1.2150 region following Germany’s mixed PMIs. The German manufacturing sector expanded less than expected in January, as IHS / Markit’s […]
The black year of tourism: its weight on GDP falls from 12.4% to 4.3% and they see the recovery already towards summer
The tourism sector confirms its worst forecasts for the year that has just closed, with a loss in billing of more than 106,000 million euros (a drop of almost 70% compared to 2019) and already It is no longer the engine of the economy, as the weight of the sector over GDP has fallen from […]
