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German economy will recover after deep recession


According to the latest Bundesbank projections, the German economy will recover following a deep recession in the second quarter of this year. Economic output is estimated to shrink by 7% in 2020, but in the next two years, real gross domestic product (GDP) will then increase by 3 to 4% per year.

Bundesbank projections: German economy will recover after deep recession
German economy slumps across the board


“German economic output underwent a massive decline in the first quarter of 2020 owing to the COVID-19 pandemic and the measures taken to contain it,” the Bundesbank notes in the current issue of the Monthly Report. Since these measures were still in place in April and substantial restrictions are likely to persist in spite of an easing in some cases, the experts expect economic output in the second quarter to be significantly lower still.

German economy slumps across the board
ECB Governing Council increases PEPP envelope


The Governing Council of the European Central Bank has increased the envelope for the asset purchase programme it launched in response to the coronavirus pandemic, raising the volume of the pandemic emergency purchase programme (PEPP) by €600 billion to €1.350 billion. The horizon for net purchases under the PEPP has been extended to at least the end of June 2021. Key ECB interest rates were left unchanged.

Monetary policy decisions
Boardroom of the Governing council of the ECB
Wuermeling: There will be a transition back to normal


According to Bundesbank Executive Board member Joachim Wuermeling, banks should bear in mind, that there will eventually be a transition back to normal in banking regulation and supervision. “After the crisis, buffers will need to be replenished, and this will take longer when profitability is low – as is the case for many European banks,” Wuermeling said in a speech during a video conference. 

Post Corona – EU regulation and banking supervision after the shock
Board member - Prof. Joachim Wuermeling
Statement by Bundesbank President Jens Weidmann on the judgement of the Federal Constitutional Court
Households continue to rely on low-risk investments
Graph with pen
Weekly activity index for the German economy
Stage with illustration of world globe
Money Museum open
German economy slumps across the board
Information film about the Campus project
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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