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A changing economy – should policymakers act? Speech at the New Year’s reception of the Cologne Chamber of Industry and Commerce
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On the future of money and payments Panel statement at the Bundesbank virtual autumn conference "Banking and Payments in the Digital World"
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German balance of payments in February 2022
The German current account recorded a surplus of €20.8 billion in February 2022, up €8.4 billion on the previous month’s level. This was mainly attributable to an increase in the goods account surplus. Conversely, the surplus in invisible current transactions, which comprise services as well as primary and secondary income, contracted slightly.
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Outlook for winter increasingly gloomy
22.08.2022 DE FR
Economic output in Germany stagnated in the second quarter of 2022. Although the services providers which had been constrained during the pandemic received a boost, high price increases and uncertainty in connection with the war in Ukraine weighed on households and enterprises, according to the Bundesbank’s latest Monthly Report. In addition, the unfavourable developments on the gas market are clouding the future outlook and, according to the Bundesbank, are increasing the likelihood of a decline in gross domestic product in the fourth quarter of 2022 and the first quarter of 2023.
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Presentation: Firms, Failures, and Fluctuations Author: Alireza Tahbaz-Salehi and Daron Acemoglu
369 KB, PDF
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