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External positions of enterprises from financial operations and trade credits
German enterprises constitute net debtors vis-à-vis non-residents: Standing at €1795 billion at the end of April 2025, their liabilities arising from financial operations and trade credits, exceeded their corresponding assets of €1501 billion by €294 billion. Compared with the previous month, this is a change of €1 billion.
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European monetary policy in times of high uncertainty Lecture at ZEW – Leibniz Centre for European Economic Research
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100 years of the German balance of payments A review from 1924 to 2024
On the occasion of the 100th birthday of the German balance of payments, an anniversary volume was published by Springer-Verlag, which can also be downloaded free of charge. In this book, international, European and national scientists, statisticians and practitioners describe the development of the balance of payments.
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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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Navigating Global Challenges: What’s in it for Europe? ICMA Annual General Meeting & Conference
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Risikomanagement in Zeiten wachsender Unsicherheit Rede beim NPL Forum 2025
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FAQ and notices
On this page you will find frequently asked questions and notices on reports in external sector.
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Target achieved – no reason to let up Keynote speech at the Frankfurt Euro Finance Summit