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Bundesbank expects recession in final quarter of 2022 and first quarter of 2023
23.11.2022 DE
Contrary to expectations, German economic activity expanded in the third quarter of 2022, the Bundesbank writes in its current Monthly Report. Despite high inflation and uncertainty about future energy supply, real gross domestic product surpassed its pre-pandemic level for the first time. However, the Bundesbank’s experts believe that downward forces are likely to clearly predominate in the coming months. They still expect the German economy to enter a recession in the final quarter of 2022 and the first quarter of 2023, though the scale of the recession is extremely uncertain. “Double-digit inflation could even persist into the new year,” the report states.
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Summary of the October Monthly Report
The German economy in the international division of labour: a look at value-added flows
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Acquisition of financial assets and external financing in Germany in the second quarter of 2020 Results of the financial accounts by sector
During the second quarter of 2020, German households’ financial assets grew by €253 billion, or 4.0%, to €6,630 billion at the end of June.
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IFS-Base – Data Report 2025-01 – Metadata Version 7-1 Jan Dominik Eiff, Kathrin Friederich, Miriam Krüger, Ece Yalcin-Roder
225 KB, PDF
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COVID-related fiscal measures and debt sustainability Prepared for the ESM seminar on debt sustainability Panel II “Policy implications in the ‘new normal’”