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German economy picking up gradually

21.09.2020

The sharp decline in gross domestic product in spring is likely to be followed by a strong countermovement in the third quarter of 2020, the Bundesbank writes in its latest Monthly Report. Even so, the third quarter will still be significantly down on the pre-crisis level.

German economy picking up gradually
A car mechanic at work
Weidmann identifies risks and rewards in central bank digital currency

14.09.2020

Bundesbank President Jens Weidmann feels that the introduction of central bank digital currency (CBDC) needs careful consideration. The various risks suggest that a prudent design and cautious approach would be essential, he said at the Bundesbank’s virtual autumn conference. CBDC is not necessarily needed to provide the general public with quick, secure and cheap payment methods.

Weidmann identifies risks and rewards in central bank digital currency
Weidmann during his speech at the virtual autumn conferenceof the Bundesbank
Mauderer: "Climate change will cause enormous costs for our economies and our societies"

15.09.2020

Bundesbank Executive Board member Sabine Mauderer has warned of the enormous costs that climate change will cause for the economies and societies. "More public and private money needs to flow into research and development, fostering climate-friendly innovation," Mauderer demanded at a conference. This would help to master the necessary transformation in the real economy.

Keynote
Sabine Mauderer
Ever more payments being made by card

11.09.2020

In 2019, the trend towards cashless payments picked up. Even prior to the coronavirus pandemic, payments with debit cards (often issued in the form of "girocards" in Germany) gained ground in particular. Their usage increased by 20% on the year, with the cards being used ever more frequently for smaller transactions.

Ever more payments being made by card
The current Figure – payments with debit car
Envelope with a warning notice
Warning from the Deutsche Bundesbank
Weidmann bei seiner Rede vor dem Übersee-Club Hamburg
Weidmann: Scale back the debt ratio after the crisis
Inside from book of photographs - The past becomes the future
New photo book on the Bundesbank’s architecture has been published
100 euro banknotes
Significant rise in number of counterfeit banknotes
Drafts for the new Deutsche Bundesbank campus
Architectural competition for Project Campus
Sabine Mauderer
Mauderer: Central banks need to take greater account of climate change in their analyses
Start frame of the image film "Money Museum"
The Money Museum introduces itself
Euro reference rate of the ECB to the US dollar
Interest rates
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