Germany

European economy, Relevant News Item 23rd August 2022

Business activity in Germany declines for second consecutive month; France activity also drops for first time in 18 months

The downturn in the German private sector economy deepened in August, as business activity fell for the second month running and at a fasterrate in August. This is according to the latest ‘flash’ PMI® data from S&P Global. The deepening downturn was linked by surveyed businesses to a combination of factors, S&P Global noted. These included uncertainty, high inflation and rising interest rates. That said, companies’ expectations registered an uptick…

European economy 4th July 2022

Even In Gas Crisis, Germany Refuses Nuclear Power

Nick Ottens (Atlantic Sentinel) | Germans are urged to ration gas. “We are in the midst of a gas crisis,” according to economy and climate minister Robert Habeck. “From now on, gas is a scarce asset.” Russia has reduced supplies to what is its largest customer in the EU in anger over the bloc’s support for Ukraine. All consumers, whether in industry, in public institutions or private households, should reduce…

European economy 4th May 2022

Telefonica to share its networks with Deutsche Telekom and Vodafone in 2,000 more German locations

Norbolsa | Telefonica closed an agreement with Deutsche Telekom and Vodafone to share their networks and provide their customers with the same coverage in 2,000 additional German locations. Through this alliance, the German mobile network operators are implementing new initiatives to share infrastructure and improve mobile coverage in rural areas. In the same vein, the three operators also agreed in 2021 to provide coverage in those areas that did not…

European economy 14th March 2022

Stopping Russian Energy Imports Could Cost Germany 3 Percent of Annual Economic Output

Econ Pol Europe | In the short term, a halt to Russian energy imports could cost Germany up to 3 percent of its gross domestic product. This is the result of estimates by the EconPol Europe network calculated with a simulation model. Oil and coal could be replaced by imports from other countries, but it is harder to find replacements for gas, the authors write. “Germany should take quick and…

European economy 25th February 2022

Germany Approves €13 Bn Stimulus Package To Ease Energy Bills Of The Most Vulnerable Households

Germany’s coalition parties agreed on Wednesday a roughly 13 billion euro package of measures to help households cope with surging energy prices, including scrapping a surcharge levied on electricity bills to support green power, as reported by Reuters. Energy prices in Germany have soared in the last year, and fears of an escalation of the crisis between Ukraine and gas supplier Russia are set to push them higher still. Germany’s…

Interviews 15th February 2022

“Politics Would Have To Intervene Whenever The Market Transfers Wealth Creation Out Of Europe In A Disproportionate Way”

Lidia Conde | Sebastian Dullien is Director of the IMK Düsseldorf. Q: Germans have spent 200 billion euros less since the beginning of the epidemic. Will all this money flow into consumption? A: Not all of it, but a considerable part will be spent. Studies conducted by our institute show that Germans are not only planning to buy new consumer durables such as cars, furniture or houses, but also to…

European economy 2nd February 2022

ifo Institute: Supply Problems Easing in German Retail

Supply problems in German retail have eased considerably. In January, 57.1 percent of retailers complained that they will not receive all the goods they ordered. In December, the figure was 81.6 percent. This is the finding of an ifo Institute survey. “With the end of the Christmas season, the pressure has abated somewhat,” says Klaus Wohlrabe, Head of Surveys at ifo. “Nevertheless, many retailers can’t fulfill every customer request because…

European economy 25th November 2021

New German Government To Put 400,000 Homes On The Market Each Year

Two months after the elections, the “traffic light” coalition – formed by social democrats, ecologists and liberals – has reached an agreement to govern the country, with Olaf Scholz, Merkel’s former finance minister, as chancellor. The agreement leaves seven ministries to the SPD, including defence and housing, as well as the power to appoint the next president of the Bundesbank. This post could go to Isabel Schnabel, currently on the…

European economy 26th October 2021

All Signs Point To A Stagnation Of The German Economy In Q4’21

Both the IFO German business climate indices for October and the Bundesbank’s latest monthly bulletin point to a stagnation of the German economy in Q4 2021. Germany’s business climate index, compiled by the IFO institute, declined in October to 97.7 points from 100.4 points in the previous month, and below the 98.0 points expected by analysts. After four consecutive months of decline, the index was at its lowest level in…

Interviews 14th October 2021

“I Hope That The New German Government’s Climate Change Plan Is Realistic”

Lidia Conde (Francfort) | Herman Simon, founder of Simon-Kucher & Partners, is best known for his 30 books, translated into 26 languages. His works on pricing and price management have become classics in the academic world. According to Manager Magazin, he is the world’s foremost pricing expert. Q: There will probably be a red-green cabinet supported by the Liberals. What do you expect from the new government “in the Chinese…

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