“German economic output is likely to have declined considerably more sharply in the second quarter of 2020 as a result of the coronavirus pandemic than in the first quarter,” the Bundesbank explains in the latest edition of its Monthly Report. According to the Bundesbank, it can be assumed, however, that economic activity already bottomed out in April and that the economy has been recovering since then.

The Bundesbank registered approximately 58,800 counterfeit euro banknotes in 2020 with a nominal value of €2.9 million, with mostly €10 and €20 banknotes being counterfeited.

Economic activity in Germany remained subdued at the start of the new year. According to the current issue of the Bundesbank’s Monthly Report, this was primarily due to industrial activity continuing to cool. By contrast, the construction sector and private consumption buoyed growth.

Economic activity in Germany has slowed down significantly. Speaking on the sidelines of the IMF and World Bank spring meeting in Washington, Bundesbank President Jens Weidmann noted that economic growth in 2019 will lag far behind potential output growth of 1.5%.

In 2020, the Bundesbank registered approximately 58,800 counterfeit euro banknotes with a nominal value of €2.9 million in German payments. The number of counterfeits thus rose by 6.5% on the year, while the nominal value of the banknotes seized fell by 14.3%.

Economic output in Germany could have contracted again slightly in the third quarter of 2019 compared with the second quarter. According to the Bundesbank’s latest Monthly Report, this is due to continued weakness in export-based industry. By contrast, the domestic economy continued to provide impetus.

In the Bundesbank’s estimation, the German economy recorded only modest growth in the final quarter of 2018. Disappointing industrial developments, in particular, meant that the pace of growth probably did not match that of the first half of the year, the Bank's economists write in the current issue of the Monthly Report.

In the first half of 2020, the Bundesbank recorded approximately 34,000 counterfeit euro banknotes with a nominal value of €1.6 million. Although this means that the number of counterfeits rose significantly on the year, their volume remained low overall.

The German economy saw only marginal growth in the third quarter of 2019. According to the Bundesbank’s latest Monthly Report, this persistently weak growth – gross domestic product (GDP) was up by 0.1% on the preceding quarter – was due to the ongoing sluggishness in the export-oriented industrial sector.

Economic output in Germany dipped slightly in the second quarter of 2019. The Bundesbank’s current Monthly Report states that this was primarily due to ongoing weakness in export-oriented industry.

The German economy grew moderately in the first quarter of 2019. However, in the Bundesbank’s assessment, the still positive development was largely attributable to one-off effects. The Bundesbank's economists write that the already booming construction sector profited further from the favourable weather in February, for example.

In 2018, the Bundesbank registered approximately 58,000 counterfeit euro banknotes with a nominal value of €3.4 million, representing a 20% decrease year on year. Statistically, this equates to seven counterfeit banknotes per 10,000 inhabitants.

“German economic output underwent a massive decline in the first quarter of 2020 owing to the COVID-19 pandemic and the measures taken to contain it,” the Bundesbank notes in the current issue of the Monthly Report. Since these measures were still in place in April and substantial restrictions are likely to persist in spite of an easing in some cases, the experts expect economic output in the second quarter to be significantly lower still.

Although the economic upswing in Germany is essentially still intact, it may have come to a temporary halt in the third quarter of 2018. According to the Bundesbank’s latest Monthly Report, this was mainly due to a substantial fall in production by car manufacturers.

Laut der Umfrage zum Kreditgeschäft im Euro-Währungsgebiet vom Januar 2021 wurden die Kreditrichtlinien im vierten Quartal 2020 über alle Kategorien hinweg – also für Unternehmenskredite, Wohnungsbaukredite an private Haushalte sowie Konsumentenkredite und sonstige Kredite an private Haushalte – verschärft. 

The Bundesbank registered approximately 55,200 counterfeit euro banknotes with a nominal value of €3.3 million in 2019, representing a 5% decrease on the year. Statistically, this equates to seven counterfeit banknotes per 10,000 inhabitants.

In the first half of 2019, the Bundesbank recorded approximately 27,600 counterfeit euro banknotes with a nominal value of €1.6 million.

Bundesbank President Jens Weidmann has spoken out in favour of eliminating the red tape involved in setting up a business. At a speech in Düsseldorf, Mr Weidmann pointed out that “reforms to make it easier for start-ups to enter the market would also enhance competition and spur innovative power.”