Germany’s government spokesman Steffen Seibert said on Friday that they cannot yet speak about a change in the trend of coronavirus infections in the country and added that it is not possible to ease restrictions at this time, as reported by Reuters. The Monday, German Chancellor Angela Merkel will meet with state leaders to assess […]
Tag: Germany
Scholz says partial lockdown in November will weigh on fourth-quarter growth
The partial lockdown in November in Germany will hurt growth in the fourth quarter, but the aid package should cushion the impactGerman Finance Minister Olaf Scholz said on Thursday, Reuters reported. “The aid package to compensate companies for the partial lockdown in November will probably cost more than the 10 billion euros originally planned,” Scholz […]
The Government recoils from the pressure of the Autonomous Communities and will demand PCR from all tourists from countries at risk
Spain will request a negative PCR test from all international travelers arriving from risk countries as of November 23. This is what the Minister of Health, Salvador Illa, has communicated to the autonomous communities this Wednesday in the Inter-territorial Council on Foreign Health. The tests will be done in the tourist’s country of origin (not […]
Annual harmonized inflation meets expectations and falls by 0.5% in October
The Harmonized Index of German Consumer Prices has fallen by 0.5% in its annualized reading for October, meeting market expectations after falling 0.4% in September. The indicator has been falling for three consecutive months, with October being the month with the greatest decline since January 2015. The main CPI has fallen 0.2% annually, as expected, […]
Council of Economic Advisers says ECB should end PEPP as soon as recovery takes hold
The council of economic advisers to the German government said on Wednesday that the European Central Bank (ECB) should end the Pandemic Emergency Purchase Program (PEPP) tan pAs soon as the economic recovery takes hold, as reported by Reuters. The European Union should not make the recovery funds, financed through debt placement, permanent, unless a […]
ZEW Economic Sentiment Data for Germany and the Eurozone Sink Strongly in November
The index Eurozone Economic Sentiment ZEW has fallen almost 20 points in November, sliding to 32.8 points from 52.3 in October and is well below the 63.7 expected. This is the worst result seen since last April, in the middle of the first wave of the global coronavirus pandemic. The ZEW of Economic Sentiment of […]
The government advisory council predicts that 2020 GDP will contract by 5.1%
The German government’s economic advisory council predicts that the country’s GDP will contract by 5.1% in 2020 due to the coronavirus pandemic, Sueddeutsche Zeitung has reported, citing a leaked report from the advisory council. Come that gross domestic product German GDP will increase by 3.7% next year, has added the media. . Credits: Forex Street […]
We will try to find new points in common with the United States after Biden’s victory
After Joe Biden’s victory, Germany will try to restart trade policy with the United States, the German economy minister said on Monday, Peter Altmaier, as reported by Reuters. “We will try to find a new common ground with the US and reach an agreement,” Altmaier added. “We are trying to reduce existing conflicts with the […]
Germany reaches new record for Covid-19 cases
New daily coronavirus infections in Germany hit a record Thursday. The number of confirmed coronavirus cases increased by 21,506, bringing the total case count to more than 597,000. Cases have increased in recent weeks, which forced the government to reimpose a month-long lockdown. EUR / USD fell nearly 1.8% to 1.1645 last week, as investors […]
German Industrial Production disappoints by rising only 1.6% in September, EUR / USD remains above 1.18
The German industrial production recovered, albeit less than expected in September, official data showed on Friday, suggesting that the recovery in the manufacturing sector is gradually gathering momentum. Industrial production reached 1.6% monthly, the federal statistics authority said Destatis in figures adjusted for seasonal and calendar effects, versus the expected jump of 2.7% and a […]
