20 years after the introduction of the euro, our banknotes are to be given a new design with which everyone in Europe can identify even more strongly. 

The latest issue of the Monthly Report explains how risks stemming from climate change and climate policy can affect economic developments in Europe.

"Not Against the Laws of Economics": Jens Weidmann holds a speech at an academic symposium in Munich, paying tribute to the long-serving ifo Institute President Hans-Werner Sinn.

The videos of the event can be found in the media centre. 

According to the current issue of the Bundesbank’s Monthly Report, the German economy is likely to pick up slightly in the first quarter of 2025. Industry and construction increased output in January following a weak year-end. However, the basic tendency in industry remains weak according to the experts. Private consumption did not provide any stimulus to growth at the beginning of the year. By contrast, the services sector is likely to make a slightly positive contribution to growth in the first quarter. 

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