Status: 01/30/2023 10:55 a.m The German economy is shrinking. In the fourth quarter, gross domestic product fell by 0.2 percent compared to the previous quarter. Experts had only expected stagnation. According to the Federal Statistical Office (Destatis), gross domestic product (GDP) shrank by 0.2 percent from October to December compared to the previous quarter. Experts had only expected stagnation. "In particular, the price-, seasonally and calendar-adjusted private consumer spending, which had supported the German economy in the course of the...
market report Status: 01/30/2023 12:42 p.m The DAX has already come alarmingly close to the 15,000 point mark. It is not least the surprising decline in German GDP in the fourth quarter that is spoiling investors' appetite for equities. The DAX quickly abandoned its early attempt to level out the initial price losses and slipped even further into the red during the course of the morning. It goes down to 15,014 points, the price minus amounts to 0.9 percent at...
As of: 01/25/2023 6:01 p.m Federal Minister of Economics Habeck presented the annual economic report. The prospect: instead of a recession, a small increase in economic output. The report also deals with the restructuring of the economy. In the new annual economic report, the federal government is somewhat more confident in its assessment of the economic situation than it was just a few months ago. Instead of a recession, the government now expects a small plus of 0.2 percent for...
The Federal Ministers of Economics and Finance traveled to Davos for the World Economic Forum. In their separate appearances in rounds of talks, both referred to mistakes made by previous governments in dealing with Russian energy supplies. source site-1
Status: 01/17/2023 12:03 p.m US bank balance sheets are mixed. War, inflation and economic slump also burden the German financial sector. How are the institutes doing compared to the competition? By Nicholas Buschschlueter, ARD Stock Exchange Studio One should be prepared for an economic hurricane: With this warning, the head of the largest US bank JP Morgan, Jamie Dimon, caused an uproar on Wall Street last summer. According to Dimon, the war in Ukraine and the US Federal Reserve's tighter...
It was a year of extremes. After Russia invaded Ukraine and prices continued to climb, some predicted a really big crash: the German economy would collapse dramatically in 2022. But the balance of the extreme year is very different. So what's happening this year?The German economy grew by 1.9 percent in 2022, the Federal Statistical Office reported on Friday. This is the fifth-highest growth in the past ten years. And that despite the war, in the course of which Russia...
Status: 01/13/2023 08:49 a.m The International Monetary Fund (IMF) is forecasting another difficult year for the global economy. However, he does not expect a global downturn. And the USA could also "land softly". The International Monetary Fund (IMF) is currently not assuming that the economic outlook for this year will deteriorate further. The IMF is unlikely to adjust its growth forecast of 2.7 percent for 2023 downwards. "Growth will continue to slow in 2023," IMF Director Kristalina Georgieva told reporters...
Status: 02.01.2023 2:30 p.m Despite the ongoing risk of inflation and the corona wave in China: Bundesbank boss Nagel and Wirtschaftsweise Malmendier do not expect a deep economic slump in Germany in 2023. The consequences of the war in Ukraine and high inflation continue to weigh on the German economy. Many economists therefore expect Europe's largest economy to shrink. However, the economic picture is no longer viewed as bleakly as it was a few months ago. The Bundesbank sees it...
comment by Alexander HagelukenWith Christmas just around the corner, things are looking pretty good. Contrary to all the gloomy warnings, Germans can hope that the economy will do better than feared. Several economic institutes predict that the gross domestic product in 2023 only by 0.1 percent will shrink. This is good news that will substantiate all the naysayers. And it shows that the federal government is not only helping the citizens with the electricity and gas price brake, but also...
Status: 14.12.2022 10:10 a.m The economy in Germany is still heading towards a winter recession. According to the researchers at the Munich ifo Institute, however, this could be weaker than initially feared. The ifo Institute's new economic forecast raises hopes that the winter recession in Germany will not be too severe. Accordingly, economic output will shrink by only 0.1 percent in 2023. The researchers at the Munich institute are even more optimistic than the economists. In their annual report, the...
