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The Bundesbank’s forecast for Germany: Economic recovery slowly getting started US tariffs initially weigh on economic growth; fiscal policy provides impetus from 2026
The recovery of the German economy is being delayed by uncertainty surrounding international trade policy. Only gradually will economic activity be boosted by fiscal measures. The German economy will continue to tread water in the current year.
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MiDi-based research publications
A list of publications which are based on direct investment micro data (MiDi).
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Geoeconomic fragmentation: handling inflation pressures and volatility, increasing resilience Speech at Tokyo University
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Bundesbank tasks relating to statistics
General information
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Target achieved, but challenges still remain – monetary policy since the 2021 strategy review 10th Bundesbank IAW Lecture
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Acquisition of financial assets and external financing in Germany in the third quarter of 2025 Results of the financial accounts by sector
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The man for the digital euro: “There will be an obligation to accept cash” Interview with Focus Online and Business Punk
In an interview with FOCUS online, Bundesbank Executive Board member Burkhard Balz explains why the digital euro is necessary and the challenges involved.
Our objective as Eurosystem central banks is to launch a pilot operation in mid-2027. As before, we still expect the digital euro to go live in 2029,
Mr Balz said. -
Navigating Global Challenges: What’s in it for Europe? ICMA Annual General Meeting & Conference