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New faces in the Bundesbank’s international network CIC-Newsletter – May 2026
22.05.2026 DE
Our new representatives provide a personal insight into their tasks at the Consulate General in Mumbai and at the OECD in Paris.
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Current economic policy challenges in Germany and Europe Special lecture at Yonsei University
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Monthly Report: German economy recovers surprisingly quickly
21.05.2026 DE
In spite of many burdens, the German economy grew more strongly than expected at the beginning of 2026 – partly because industry proved to be quite resilient. However, the labour market continued to deteriorate and the consequences of the war in Iran are clouding the outlook for the German economy in the second quarter.
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Holding one’s own in a changed world Speech at the “Frankfurter Impulse” event hosted by FPS Law
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Introductory statement at the press conference presenting the Annual Report 2025
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German balance of payments in March 2026
Germany’s current account recorded a surplus of €23.6 billion in March 2026. This was €3.1 billion up on the previous month’s level. The goods account surplus decreased, but the surplus in invisible current transactions, which comprise services as well as primary and secondary income, increased more strongly.
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Price competitiveness
The same methodology as the real effective exchange rates of the euro is used to calculate price competitiveness indicators for individual euro area countries.
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Bundesbank Monthly Report: Comparison of energy crises in 2021/22 and 2026
22.05.2026 DE
The war in Iran and the blockade of the Strait of Hormuz have shaken global energy markets and evoked memories of 2022, when Russia’s attack on Ukraine significantly exacerbated the energy crisis of 2021/22. In the current issue of the Monthly Report, Bundesbank experts examine both crises and show that while there are parallels there are also significant differences.