The December 2019 Monthly Report describes the outlook for the German economy based on projections for 2020 and 2021, looking further ahead to 2022 as well, and contains an analysis of German enterprises’ profitability and financing conditions in 2018. It also addresses the relevance of surveys of expectations for the Deutsche Bundesbank, and a further article discusses the mixing of euro coins in Germany.

The German financial system remains vulnerable to adverse economic developments. Future credit risk could be underestimated and the recoverability of loan collateral such as real estate overestimated.

The November 2019 edition of the Monthly Report comments on the economic situation in Germany in autumn 2019.

The Bundesbank’s October 2019 Monthly Report reviews and analyses the market for sustainable financial investments, as well as studying the European investment funds market and the role of bond funds in the low interest rate environment. Furthermore, it describes the long-term outlook for the statutory pension insurance scheme and explains structural reforms in the euro area.

For the Bundesbank, active environmental protection means using resources sustainably, reducing their consumption and taking measures that help to reduce the greenhouse gas emissions resulting from our operational processes - by 25 percent by 2025.

On the basis of selected empirical analyses, the September 2019 Monthly Report explains the impact that wages have on prices in Germany and features an analysis of detailed state government budget figures for 2018. In addition, the Monthly Report describes the long-term changes in the unsecured interbank money market and also discusses banks’ profitability in 2018.