Archive of topic posts
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Monthly Report: German economy remains weak
19.09.2024 DE
The German economy continues to be weak, according to the current issue of the Bundesbank’s Monthly Report. Output in the industrial sector and in construction got off to a sluggish start in the third quarter of 2024 and consumers are holding back on spending. From today’s perspective, real gross domestic product (GDP) could stagnate or decline again somewhat in the third quarter. However, the authors of the article are currently not expecting a recession in the sense of a significant, broad-based and persistent decline in economic output.
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“Backstage Bundesbank”: Open Day attracts more than 11,000 visitors
17.09.2024 DE
With the theme “Backstage Bundesbank”, the Bundesbank invited the public to its Frankfurt am Main premises for an Open Day last weekend. More than 11,000 visitors came to gain an insight into the tasks of Germany’s central bank.
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German credit institutions’ performance improved significantly in 2023
17.09.2024 DE
German credit institutions’ performance improved significantly in 2023, according to the current issue of the Bundesbank’s Monthly Report. At €48.7 billion, aggregate profit for the financial year before tax increased considerably, up by nearly 80% on the year. All categories of banks posted higher profits for the 2023 financial year than they had done in 2022. This development was driven in large part by the significant increase in net interest income resulting from the Eurosystem’s key interest rate hikes.
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Monthly Report: European climate policy has, to date, not caused a demonstrable relocation of production by German enterprises to non-European countries
16.09.2024 DE
To date, European climate policy has not yet led to widespread relocations of energy-intensive production abroad by domestic firms,
the Bundesbank concludes in its latest Monthly Report. In this, the economists examine the impact of the EU Emissions Trading System (EU ETS) on the foreign direct investment decisions taken by German manufacturing sector enterprises. The experts conclude that favourable framework conditions that encourage innovation in low-emissions technologies are needed in order to prevent domestic production from being relocated in the future, too. -
Economic resilience: panel discussion with Joachim Nagel and Markus Brunnermeier
03.09.2024 DE
As part of the Bundesbank Invited Speaker Series, Bundesbank President Joachim Nagel discussed economic resilience, i.e. adaptability, with economics professor Markus Brunnermeier. One question they considered was whether an effective and rule-based monetary policy can be adaptable. The event was moderated by Falko Fecht, head of the Bundesbank’s Research Centre.
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Monthly Report: German economy continues to face headwinds
20.08.2024 DE
Contrary to expectations, German economic output fell slightly in the second quarter of 2024,
the Bundesbank writes in its latest Monthly Report. Real gross domestic product (GDP) recorded a quarter-on-quarter decline of 0.1% on a seasonally adjusted basis. Despite stabilising demand, industrial output resumed its downward trend in the second quarter. In the first quarter, it had experienced a brief recovery. -
German economy recovering only slowly
22.07.2024 DE
German economic output probably grew somewhat more slowly in the second quarter than expected,
the Bundesbank writes in its latest Monthly Report. According to the Bundesbank, temporary hopes of an end to the weakness in the industrial sector were not realised, as industrial output declined sharply in May. In contrast to this, the recovery in the services sector continued, buoyed in part by private consumption. The inflation rate was somewhat lower again in June. Bundesbank economists believe that economic activity is likely to strengthen somewhat in the third quarter, but could fall a little short of the expectations expressed in the Bundesbank’s June forecast for Germany. -
Monthly Report: Developments in loans to enterprises in Germany
18.07.2024 DE
Over the past few years, growth in loans to enterprises in Germany has been characterised by unusually strong ups and downs. The current issue of the Monthly Report assesses whether such developments in lending were in line with economic and interest rate developments, and examines the role played by credit supply and credit demand factors. The Bundesbank’s economists anticipate a gradual recovery in loans to enterprises starting from the second half of 2024.
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Monthly Report: Global economic activity has so far been robust in spite of tight monetary policy
16.07.2024 DE
Energy prices skyrocketed and the cost of groceries went up significantly: life suddenly became more expensive in many places starting in early 2021. In the current issue of the Monthly Report, the Bundesbank’s economists examine what was behind these price increases, why inflation has since eased again and what role was played by central banks. They also reveal why the path back to price stability has posed no major disruptions to the real economy so far.