The change in the global world order and economic system isn’t a temporary phenomenon. Globalisation and digitalisation mean this change will be a perpetual process, First Deputy Governor Sabine Mauderer announced at a symposium organised by the Institute for Banking and Financial History (IBF) and the Center for Financial Studies (CFS). Hosted by the Bundesbank’s Regional Office in Hesse, this event saw participants discuss how trade conflicts can impact on the global economic system. Bundesbank Executive Board member Fritzi Köhler-Geib spoke on a panel about the outlook for the German and European economy.

In spite of ongoing strains and additional headwinds as a result of the war in the Middle East, real gross domestic product (GDP) is likely to have increased slightly in the first quarter of 2026 after seasonal adjustment, says the Bundesbank in its April Monthly Report. Nonetheless, industry is suffering from structural barriers to growth, which are undermining its competitive position. Furthermore, the significant rise in fuel prices in March has weighed heavily on households’ purchasing power. The Bundesbank’s experts anticipate that inflation will remain significantly elevated over the coming months as well.

Die auf die Publikation „Mein Euro – Spiel- und Rechengeld“ abgestimmten Arbeitsblätter unterstützen Kinder dabei, das Aussehen und den Wert der Euro-Münzen und Euro-Banknoten sowie die Euro-Länder kennenzulernen.

Following the entry into force of the revised Foreign Trade and Payments Regulation (AWV) on 1 September 2013, all external reports from enterprises, banks, public authorities and individuals must, as a general rule, be submitted in electronic format to the Bundesbank directly.