Economic output in Germany was up in the first quarter of 2025, the Bundesbank writes in its latest Monthly Report. Exports of goods, in particular, but probably also investment and private consumption increased. However, the Bundesbank economists expect the economy to more or less stagnate in the second quarter. This is due to the wide range of burdens that persist and the additional headwinds caused by the tightening of US tariff policy.

Taucht ein in eine spannende Reise vom Studierenden zum Lehrbeauftragten bei an der Hochschule Deutschen Bundesbank!
 

At a meeting of the G7 finance ministers and central bank governors, Bundesbank President Joachim Nagel addressed the geopolitical challenges currently being faced. Speaking at a joint press conference with the new Federal Minister of Finance Lars Klingbeil in Banff, Canada, Mr Nagel said that while global economic activity had still been fairly robust at the start of the year, benefiting from the anticipatory effects of announced tariffs, the world economy was now struggling in the face of tightened US tariff policies and great uncertainty.

Interested researchers are invited to submit research proposals for potential inclusion in the survey in 2026/2027.
Deadline: 21 August 2026

Interested researchers are invited to submit research proposals for potential inclusion in the survey in 2026/2027.
Deadline: 21 August 2026