In early 2000, the International Monetary Fund (IMF) initiated the Financial Soundness Indicators (FSI) project in response to the financial market crises of the late 1990s.

The German economy is set to recover only arduously from the period of weakness that has persisted since the outbreak of Russia’s war against Ukraine, write the Bundesbank’s experts in the Monthly Report. The industrial sector is still up against difficult conditions, and households’ mood for spending remained subdued in the third quarter. The experts do not expect economic output to see slight growth again until the first quarter of 2024.

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