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Germany’s economic output down significantly in 2020

18.01.2021

According to the current issue of the Monthly Report, in the final quarter of 2020 Germany's economic recovery was throttled by the higher infection rates and considerably stricter measures introduced again to contain the pandemic. However, in the experts’ assessment, the tighter restrictions have not led to any major setback; instead, real gross domestic product is likely to have more or less stagnated. The pandemic left a deep mark on German economic output in 2020 as a whole.

Germany’s economic output down significantly in 2020
People with face masks on a shopping centre escalator
Making payments in 2020, the year of COVID-19: card-based and contactless payments trending

14.01.2021

Many citizens have been increasingly using cards to make payments during the coronavirus pandemic. “According to a representative Bundesbank survey in 2020, the importance of cashless payment methods, especially cards, in everyday expenditures has been growing considerably,” said Bundesbank Executive Board member Burkhard Balz at the unveiling of the results.

Making payments in 2020, the year of COVID-19: card-based and contactless payments trending
Touchless payment in a shop
Labour productivity in the euro area growing at a much slower pace

21.01.2021

Growth in labour productivity in the euro area has slowed significantly over the past 20 years. This was not least due to structural factors, the Bundesbank explains in its current Monthly Report. In addition to enterprises’ diminishing ability to innovate and adapt, demographic change could also have a negative impact on labour productivity, according to the experts.

Labour productivity in the euro area growing at a much slower pace
Woodworking with saws
Household inflation expectations rise in December

13.01.2021

Households in Germany are expecting the rate of inflation to increase, according to findings from the Bundesbank Online Panel Households at the end of last year. Survey results from December 2020 indicate that individuals are expecting inflation to come to 3.1% on average over the next 12 months, which is the highest rate measured in 2020.

Household inflation expectations rise in December
Kassenbons
Jens Weidmann during an interview
“It would be counterproductive, economically speaking, to ease the restrictions too soon”
The current figure – €6.7 trillion financial assets
Rise in households’ financial assets
Production of 20 euro banknotes
New coated €20 banknotes to be brought into circulation from 2021 onwards
Bundesbank presents open-air exhibition
Bundesbank presents open-air exhibition in Hanover
Image of the video on the Household Inflation Expectation Survey
What are households expecting?
Claudia Buch
Statement by Vice President Claudia Buch on the Financial Stability Review 2020
Drafts for the new Deutsche Bundesbank campus
Architectural competition for Project Campus
Euro reference rate of the ECB to the US dollar
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