Tag Archives: Germany

German industrial production remained unchanged in December, in light of the comprehensive closures imposed at home and abroad to contain the Covid-19 pandemic, which curbed the export-oriented manufacturing sector in the largest European economy. This follows a 1.5% growth in the previous month, according to figures released by the Federal …

The German economy grew 0.1% inter-quarter in Q4 of 2020 with the expectation of 0% and 8.5% seen in Q3, the preliminary report published by Destatis revealed on Friday. Meanwhile, the GDP yearly rate fell by 3.9% in Q4 against the previous reading of -4% and beat market expectations of …

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.

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 …

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.

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.

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 …

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.”

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 …

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 …