Inflation in Germany, measured by the Consumer Price Index (CPI), came at 0.8% in January, according to the flash estimate of Destatison Thursday. Moreover, the annual CPI rose to 1% from -0.3% in December.
Read More »Germany Sees Economy Growing by 3% in 2021
The German government revised its expectations for economic growth in 2021 downwards to 3%, down from a previously estimated growth rate of 4.4%. Another lockdown as part of the preventive measures against the spread of the Coronavirus pandemic has left its toll on the biggest economy in Europe, as shown …
Read More »Germany’s Economic Institute DIW: Economy Likely to Contract 3% in Q1 2021
Germany, Europe’s largest economy probably contracted by 3% in the January to March period, the latest forecasts published by Germany’s economic institute DIW showed on Wednesday.
Read More »AstraZeneca Pulls Out From Meeting With EU on Vaccine Supplies – Reuters
AstraZeneca has pulled out from the meeting with the European Union officials on coronavirus vaccine supplies that was scheduled to take place on Wednesday, Reuters reported, citing an EU official familiar with the matter.
Read More »Merkel: Will Lobby For Strengthening of WTO
German Chancellor Angela Merkel said on Tuesday that Germany will lobby for the strengthening of the World Trade Organization (WTO) and noted that the WTO is the basis for fair trade, as reported by Reuters. “We hope to continue the Organisation for Economic Co-operation and Development (OECD) work on the …
Read More »German Health Ministry: Can’t Confirm Reports on AstraZeneca Vaccine’s Lower Efficacy
Responding to the media reports on the efficacy of AstraZeneca’s coronavirus vaccine, Germany’s Health Ministry said that they can’t confirm the local reports. “Data doesn’t suggest the efficacy of just 8% for older people.”
Read More »German Economy Ministry: The Economy May Return to The Level Before The Corona in Mid-2022
A draft document by the German Economy Ministry and seen by Reuters stated that the German economy, the largest in Europe, is likely to reach pre-coronavirus levels in mid-2022. In its draft annual economic report, the ministry said that the state of the global economy, untapped production capabilities, and early …
Read More »German Economy Ministry: The Economy May Return to The Level Before The Corona in Mid-2022
A draft document by the German Economy Ministry and seen by Reuters stated that the German economy, the largest in Europe, is likely to reach pre-coronavirus levels in mid-2022. In its draft annual economic report, the ministry said that the state of the global economy, untapped production capabilities, and early …
Read More »German IFO Business Climate Index Misses Estimates in January
The headline German IFO Business Climate Index drops sharply to 90.1 in January versus last month’s 92.2, missing the consensus estimates of 91.8 by a big margin. Meanwhile, the Current Economic Assessment arrived at 89.2 points in the reported month as compared to last month’s 91.3 and 90.6 expected.
Read More »German Preliminary Services PMI Beats Estimates With 46.8 in January
The German manufacturing sector expanded less-than-expected in January, the preliminary manufacturing activity report from IHS/Markit research showed this Friday. Meanwhile, Services PMI contracted to 46.8 in January vs. 47.0 last month and 45.3 expected. The index hit a two-month low.
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