Tag Archives: Germany

The head of the German Hospital Association, Gerald Gass, told the widespread newspaper Bild that the stability of the number of new cases of Covid-19 in Germany raises hopes that the burden will not be increased on intensive care units. “We are looking for the numbers of new cases to …

Data on Monday showed that German retail sales in March recorded the largest year-on-year increase since the start of the Covid-19 pandemic, with some isolation measures eased, raising purchases of clothing and shoes. The Federal Statistical Office said that retail sales jumped 11% compared with the same period a year …

The German government on Tuesday (April 27th) increased its forecast for the growth of Europe’s largest economy this year to 3.5%, from a previous estimate of 3%, while it expects household spending to support the recovery if the COVID-19 restrictions are lifted. Germany is striving to contain a third wave …

Deutsche Bank announced a profit of 908 million euros, equivalent to about $ 1.1 billion in Q1, supported by continued strong performance in the investment banking sector. The bank largely exceeded analysts’ forecasts for a net income of 642.95 million euros, according to Refinitiv, and showed a marked improvement from …

According to Reuters, the German government is expected to revise its GDP forecast to 3.5% from 3% in January. The German government believes that the economy will expand by 3.6% in 2022, and the government reportedly believes that the better-than-expected growth dynamics seen in the fourth quarter of 2020 justify …

The headline German IFO Business Climate Index came a bit higher at 96.8 in April compared to last month’s 96.6, missing the expectations of 97.8.

Germany’s Constitutional Court decided on Wednesday to dismiss legal appeals against the European Union’s recovery plan, effectively paving the way for unprecedented stimulus to be rolled out across the region. It is reported that Germany’s highest court raised questions in late March about the European Union’s plan to raise 750 …

Prominent economic institutes said that the German economy may shrink 1.8% on a quarterly basis in the first three months of this year due to the restrictions of Covid-19, a revision of their joint forecast of growth in Europe’s largest economy. Institutes now expect GDP growth of 3.7% this year, …

Forecasts for Germany’s economic growth for this year are expected to be revised lower to 3.7% from 4.7%, Reuters reported citing sources in German economic institutes. The move comes amid preventive measures against the coronavirus pandemic and lockdowns taking longer than previously expected. Meanwhile, the estimated growth rate for 2022 …

The ZEW Institute for Economic Research said that investor sentiment in Germany recorded a sudden decline in April, pointing to growing concerns about the imposition of tougher isolation measures in Europe’s largest economy, reducing private consumption. The German ZEW headline numbers for April showed that the Economic Sentiment Index dropped …