Tag Archives: Germany

The German Statistics Office said that the country’s public sector deficit amounted to 189.2 billion euros in 2020 due to the Coronavirus pandemic, the first deficit since 2013 and the highest in the budget since the reunification of Germany thirty years ago. The pandemic, which killed more than 77,000 in …

Inflation in Germany, as measured by the Consumer Price Index (CPI), edged lower to 0.5% on a monthly basis in March from 0.7% in February. On a yearly basis, the CPI rose to 1.7% and both of those readings came in line with analysts’ estimates.

Chancellor Angela Merkel pressed German states today, Sunday, to intensify efforts to curb the increasing number of infections with the Coronavirus, and raised the possibility of a curfew in an attempt to control the third wave. “We have our emergency brakes … unfortunately they are not respected everywhere. I hope …

A survey showed today, Friday, that German business confidence reached its highest level in nearly two years in March, as increased demand for manufactured goods kept factories in Europe’s largest economy in a state of activity during the rise in infections with the Coronavirus and restrictions of general isolation. The …

A survey showed that German consumer sentiment improved for the second month in a row as April approaches, supported by easing lockdown measures at the start of March, but a recent decision to extend restrictions has caused uncertainty around expectations. The GFK Research Institute said its consumer sentiment index, based …

An official said that the government of German Chancellor Angela Merkel approved a debt-financed supplementary budget of 60 billion euros, 71 billion dollars, which raises the new borrowing to a record level exceeding 240 billion euros this year. The revised budget highlights Berlin’s willingness to continue huge borrowing-financed spending during …

Monday, a document showed that Germany is expected to continue a huge deficit in spending in light of the Covid-19 pandemic, with a debt-funded supplementary budget of about 60 billion euros for the current year and a draft budget for 2022 with new net debt of 81.5 billion euros. The …

Germany’s economy is likely to contract sharply this quarter, as the service sector is hit by pandemic restrictions as the slowdown extends to a booming construction sector, the Bundesbank said on Monday. In its most recent monthly report, the central bank appears to have abandoned its expectations for a spring …

The German economy will likely grow 3.7% in 2021 and reach pre-crisis levels before the end of the year, as progress in the vaccination campaign could contribute to an increase in exports and consumption, the IFW Economic Institute said on Thursday. IFW, one of Germany’s main institutes and part of …

ZEW Economic Research Institute said investor sentiment in Germany improved more than expected in March thanks to expectations of a broad-based economic recovery in Europe’s largest economy. The institute said that its economic sentiment survey for investors rose to 76.6 points from 71.2 in the previous month. A Reuters poll …