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The Bundesbank expects the economy to stagnate in the second quarter
26.05.2025 DE
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.
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The global economy needs institutions like the IMF Guest contribution by Joachim Nagel in the Börsen-Zeitung
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Questionnaire 24 for the Survey of Firms (BOP-F) January, February, March 2026
846 KB, PDF
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Quarterly borrowers statistics 03/1999-09/2025 – Data Report 2026-01 – Metadata Version 5 Tobias Krodel, Miriam Krüger, Mirko Schäfer
1 MB, PDF
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German balance of payments in February 2025
The German current account recorded a surplus of €20.0 billion in February 2025, up €5.0 billion on the previous month’s level. The surplus in invisible current transactions, which comprise services as well as primary and secondary income, declined slightly. However, the surplus in the goods account rose even more strongly.
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SHS-Base plus – Data Report 2026-11 – Metadata Version 8-0 Eike Degenhardt, Michaela Igel, Konstantin Körner, Tobias Krodel, Sebastian Seltmann
149 KB, PDF
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Geopolitical risk in the euro area: Measurement and transmission Yevheniia Bondarenko, Nayeon Kang, Vivien Lewis, Matthias Rottner, Yves Schüler
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Reflections on the Eurosystem’s new operational framework Speech at the Konstanz Seminar on Monetary Theory and Monetary Policy