Tag Archives: Germany

The German parliament on Tuesday suspended, once again, the debt limits in the constitution to allow for increased government borrowing of up to EUR 180 billion in 2021, Reuters reported. The increased government debt aims at funding stimulus spending to help Europe’s largest economy face the economic consequences of the …

The recently published Germany’s ZEW Survey showed a large improvement in the Economic Sentiment to 55.0 vs 46.0 expected and from 39 in November. The expectations component is what really shines in the report, as ZEW said in its publication: “The announcement of imminent vaccine approvals makes financial market experts …

Data on Friday showed that German industrial goods orders increased more than expected on a monthly basis in October, raising hopes that the manufacturing sector in Europe’s largest economy started the fourth quarter of the year with a strong performance. Data published by the Federal Statistics Office show that orders …

Inflation in Germany, as measured by the Consumer Price Index (CPI), was -0.8% November, Destatis reported in its flash estimate on Monday. This reading followed the 0.1% increase seen in October and missed the market expectation of -0.7%. Further details of the publication revealed that theHarmonized Index of Consumer Prices …

The German government plans to increase Coronavirus aid for companies to about EUR 4.5 billion per week next month, according to an official statement picked up by Reuters. “Cohesion and solidarity are hence the imperative of the hour,” said the Economy Minister Peter Altmaier. “We will not leave our companies …

Germany intends to borrow 179.82 billion euros (214.36 billion dollars) next year, nearly double the 96 billion euros expected before that, lawmakers told Reuters on Friday, as Berlin is expanding aid measures to mitigate the impact of the Covid-19 pandemic on Europe’s largest economy. The German parliament’s budget committee of …

Data from the Robert Koch Institute for Infectious Diseases showed today, Friday, that 22,806 new confirmed cases of Coronavirus were recorded in Germany, bringing the total to one million and 6,394 cases. The data revealed that 426 new deaths were recorded, bringing the total number to 15,586.

The German government could increase its borrowing to around EUR 180 billion in 2021, as part of efforts to increase stimulus spending against the Coronavirus crisis, Bloomberg reported. The new debt value is yet to be approved by the German parliament, as it is nearly double the initial estimate of …

The headline German IFO Business Climate Index came in at 90.7 for November, down from the previous month’s 92.7 but matched consensus estimates. Meanwhile, the Current Economic Assessment arrived at 90.0 points during the reported month as compared to last month’s 90.3 and 87.2 anticipated. On the other hand, the …

On Sunday, November 22, two senior German officials said in remarks that the country will have to extend its current measures to contain the coronavirus pandemic to last in December. Germany imposed “general isolation measures” for a month, starting from November 2, to contain a second wave of the virus …