No winners in the trade dispute between the United States and China
The trade dispute between the United States and China has escalated over the past two years. However, as a study in the Bundesbank’s latest Monthly Report shows, neither US firms nor US consumers have benefited from the realignment of the country’s trade policy thus far.
In Germany, 32% of the holders of contactless debit cards such as girocard are now taking advantage of the opportunity to pay “on the go”. This is the outcome of a survey commis-sioned by the Bundesbank. “Contactless payment has thus become a fixture of daily life,” according to Bundesbank Executive Board member Burkhard Balz.
Households have financial assets worth €6.3 trillion
The financial assets of households in Germany increased by €67 billion in the third quarter of 2019 and now amount to roughly €6.3 trillion. These financial assets consist, in particular, of low-risk assets like currency, deposits and claims on insurance corporations and pension funds.