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Germany
Featured Content
Global Economic Outlook
Germany Outlook Update: From Supercharged Growth to Near-Stagnation
Oct 31, 2011
RGE Analysis
German Parliament to Back New EFSF Powers, But an Increase Is Unlikely and Eurobonds a Fantasy
Sep 2, 2011
Macroeconomy
Germany: Economic Profile
German Services Activity Continues to Expand in January
German Economy Grows by 3% y/y in 2011
Eurozone : Germany : Europe : Macroeconomy : Growth Outlook and Business Cycle :
Germany: Price Dynamics (Inflation/Deflation)
German Inflation Falls to 2% y/y in January
Eurozone : Germany : Europe : Macroeconomy : Monetary Policy and Inflation :
Germany: Export Sector
German Exports Increase by 2.5% m/m in November
Eurozone : Germany : Europe : Macroeconomy : International Trade and Globalization : Sectors and Industries :
Germany: Labor Market
German Unemployment Rate Falls to 6.8% in December
Eurozone : Germany : Europe : Macroeconomy : Labor Markets and Productivity :
Geostrategy
Key Indicators
Harmonized CPI
All-items HICP - Germany
All-items HICP - Germany
1.85, 1.96, 2.23, 2.31, 2.68
2.68
BOP
Current account, Foreign trade, Total, Balance, SA, EUR - Germany
Current account, Foreign trade, Total, Balance, SA, EUR - Germany
34.68, 34.68, 36.17, 36.17, 36.17
36.17
Production
Manufacturing Excluding Construction, SA/CA, Index 2005=100 - Germany
Manufacturing Excluding Construction, SA/CA, Index 2005=100 - Germany
14.63, 13.25, 11.15, 11.63, 11.64
11.64
Labor Market
Unemployment Rate, ILO Definition, Percent, SA - Germany
Unemployment Rate, ILO Definition, Percent, SA - Germany
6.9, 6.9, 6.8, 6.8, 6.7
6.7
Business Surveys
IFO, Main Index, Business Climate, Trade and Industry (2000=100), SA - Germany
IFO, Main Index, Business Climate, Trade and Industry (2000=100), SA - Germany
109.88, 110.29, 111.26, 111.07, 110.36
110.36
Gross domestic product at market prices
Mil of euro (chained 2000 prices), Real, SA, WDA - Germany
Mil of euro (chained 2000 prices), Real, SA, WDA - Germany
1.97, 3.72, 3.93, 3.99, 4.83
4.83
data by Factset
Germany Outlook: Stagnation in 2012, Recession in 2013
RGE expects German economic momentum to decelerate markedly over the next two years. Following super-strong growth in 2011, we expect the German economy to stagnate in 2012 as the external economic environment continues to deteriorate. In 2013, German GDP will contract as several sovereign debt restructurings in the eurozone (EZ) and a Greek exit from the bloc weigh on economic activity. As the positive spillover from the external sector fades in line with slowing global demand, we expect domestic demand to lose momentum too, albeit with a small lag. Gradually, firms will revise down investment plans, while employment growth will go into reverse in mid-2012. German Chancellor Angela Merkel is openly promoting EU treaty change to achieve better economic and fiscal cooperation within the EZ. In exchange for a new fiscal framework, Merkel may silently tolerate the ECB taking on a more active bond market role.
Read the latest Germany Outlook
Economic Research
Economic Research
What's on Nouriel's Mind: The Deteriorating Economic Outlook for the Eurozone
By Jan 17, 2012
Europe Weekly
German Slump; French, Finnish Elections; Eastern Europe Monetary Policy; EZ Calendar
By Jan 13, 2012
Economic Research
German CDU's European Roadmap Revisited: EMU Exit Clause in the Cards?
By Jan 9, 2012
Europe Weekly
German, Global Central Bank, ECB Moves to Solve EZ Crisis; EZ Yield Curves; Hungarian Monetary Policy; Scandinavian Growth; EZ Calendar
By Dec 2, 2011
Economic Research
Conference Call Highlights: Can the EZ Be Brought Back From the Brink?
By Nov 17, 2011
Economic Research
Four Options to Address the Eurozone's Stock and Flow Imbalances: The Rising Risk of a Disorderly Break-Up
By Nov 1, 2011
Global Economic Outlook
Germany Outlook Update: From Supercharged Growth to Near-Stagnation
By Oct 31, 2011
Europe Weekly
EZ Summit Questions; ECB’s Next Rate Move; German Obstacles; Swedish Rate Cuts; Resilient Polish Consumption; Italian Politics; EZ Calendar
By Oct 28, 2011
Economic Research
Waiting for the Wednesday Summit: Progress Report on EFSF Leverage Options, Bank Recaps and Greece
By Oct 24, 2011
Economic Research
Low Inflation in EZ Core Threatens Periphery’s Efforts to Regain Competitiveness
By Oct 21, 2011
Economic Research
Conference Call Replay: Eurozone in Crisis—More Than a Plan to Plan Needed
By Oct 21, 2011
Economic Research
Last Shot on Goal: Will Eurozone Leaders Succeed in Ending the Crisis?
By Oct 21, 2011
Europe Weekly
Germany's EFSF Ratification; Sarkozy's Dwindling Re-Election Hopes; Poland's Currency Intervention
By Sep 30, 2011
Economic Research
German Parliament to Back New EFSF Powers, But an Increase Is Unlikely and Eurobonds a Fantasy
By Sep 2, 2011
Europe Weekly
Inflation Concerns Easing in EZ, Switzerland, UK, Hungary and Czech Republic
By Aug 12, 2011
Europe Weekly
Spanish Politics; EFSF Ratification; German Soft Landing; Czech Monetary Policy; Turkish Depreciation
By Jul 29, 2011
Economic Research
Second Bailout Package for Greece and Stabilization of the EMU Framework—Options and Solutions
By Jul 21, 2011
Europe Weekly
Greek Crisis; German Banks Exposed; Irish Bondholders; Czech Banking Risks; Turkish Wage-Price Spiral
By Jun 17, 2011
Economic Research
EZ Policy Makers Will Avoid Tough Decisions and Continue to Muddle Through for Now
By Jun 3, 2011
Europe Weekly
ECB Collateral Holdings; German Dynamics; UK Corporates; Turkish Monetary Policy; Polish Consumption; Hungarian Mortgage Relief
By May 27, 2011
Economic Research
Much Ado About Relatively Little: Contagion Risks From an Orderly Greek Debt Restructuring Are Modest, Contained and Manageable
By May 24, 2011
Economic Research
DSK's Arrest: Implications for the IMF Succession and PIIGS' Bailouts
By May 16, 2011
Europe Weekly
Eurozone Core Comes Up Trumps in Q1; UK, EZ Periphery Moving at Half Speed
By May 13, 2011
Economic Research
Q2 2011 Geostrategy Note: The Scent of Jasmine, Japan's Mega-Crisis and Other Global Drama
By Mar 24, 2011
Europe Weekly
Greek Debt Restructuring; Turkish Monetary Policy; German Elections; Swedish Banks
By Jan 21, 2011
Economic Research
Front-Loaded Stimulus, Back-Loaded Austerity: The Optimal Fiscal Austerity Path and the Risks of Other Routes
By Dec 2, 2010
Europe Weekly
Ireland’s Political Game; Germany’s Economic Slowdown; UK’s Banking Vulnerabilities
By Nov 26, 2010
Economic Research
An Orderly Market-Based Approach to the Restructuring of Eurozone Sovereign Debts Obviates the Need for Statutory Approaches
By Nov 15, 2010
Economic Research
Eurozone Periphery: Short-Term Sovereign Risk Amid Long-Term Restructuring Plans
By Nov 11, 2010
Economic Research
Q4 2010 Geostrategic Risk Note: Asia on the Boil, U.S.-Europe Reap Anti-Incumbent Backlash
By Oct 7, 2010
Europe Weekly
EZ Current Accounts; Sweden's Hung Parliament Risk; Basel III Impact on German Banks
By Sep 17, 2010
Economic Research
Europe Weekly Spotlight: UK and German Inflation; Turkish Monetary Policy; Nordic PMIs
By Aug 20, 2010
Economic Research
Europe Weekly Spotlight: Eurozone Q2 Growth; Is Germany Rebalancing?; Polls Near in Latvia and Sweden
By Aug 13, 2010
Economic Research
Q3 2010 Geostrategy Note: Nascent Nukes, Portly PIIGS and the Taliban
By Aug 4, 2010
Economic Research
Europe Weekly Spotlight: Germany Peaks; Slovakia Relents; UK House Price Indexes Diverge
By Jul 16, 2010
Economic Research
Europe Weekly Spotlight: Merkel’s Worries Increase; Romania Ceases Monetary Easing
By Jul 2, 2010
EconoMonitors
Europe Channel
Hot News! The Wehrmacht Failed to Take Greece. Now Germany Tries Again, With a Different Method.
Jan 29, 2012
Dan Alpert's Two Cents
On Sticky Wages and What Happens when Inflation is No Longer an Alternative
Dec 13, 2011
Dan Alpert's Two Cents
On Printing Euros and the Real German Fear (hint, it's not 1923)
Nov 17, 2011
Europe Channel
Jurgen Stark = Credit Anstalt 2.0 (and Euromarkets Reacting Accordingly)
Sep 12, 2011
The Wilder View
Real Retail Sales in Europe: Will German Consumers Save the Day? Maybe, Perhaps
Jul 31, 2011
The Wilder View
Why You Shouldn't Get Too Excited About the 1.8% Increase in German Factory Orders
Jul 7, 2011
The Wilder View
The ECB Would Quash a Discrete Shift in German Nominal GDP Rather Than Accommodate It
Feb 14, 2011
Europe Channel
Ireland’s Rescue Package: Disaster for Ireland, Bad Omen for the Eurozone
Dec 6, 2010
Geostrategy Channel
Cross-Border Deleveraging and the Shifts in Europe's Bargaining Game
Nov 29, 2010
Nouriel Roubini's Global EconoMonitor
Roubini: Eurozone Restructurings Will Leave Bondholders Facing Losses
Nov 4, 2010
Europe Channel
Germany Draws Line in the Sand on Eurozone Bailouts, Insists Bondholders Take Pain
Nov 1, 2010
Geostrategy Channel
Foreign Exchange Rates – The "New" "Old" Weapon of Choice in Trade Wars
Oct 18, 2010
Don't Shoot the Messenger
On the Shoulders of Giants - How Spain Is Destined to Follow in Germany's Footsteps
Aug 31, 2010
The Wilder View
Household Saving Rates in the U.S., UK, and Germany: (Possibly) Light at the End of the Tunnel
Aug 20, 2010
Geostrategy Channel
Spain Is the Perfect Example of a Country that Never Should Have Joined the Eurozone
May 17, 2010
Geostrategy Channel
About the Euro Crisis: The Experts Are Wrong, the German People Are Right
May 10, 2010
Geostrategy Channel
The Escalating Greek Debt Crisis: What Has Been Happening and Where Is It Going?
May 6, 2010
Nouriel Roubini's Global EconoMonitor
Roubini on Eurozone Panel at the Milken Institute Global Conference
Apr 28, 2010
Don't Shoot the Messenger
China's Recent Trade Deficit: Is What You Yuan What You're Gonna Get?
Apr 19, 2010
Geostrategy Channel
German Responsible for Stability and Growth Pact Wants to Bail Greece Out
Mar 5, 2010
Europe Channel
Quantifying Eurozone Imbalances and the Internal Devaluation of Greece and Spain
Dec 28, 2009
Don't Shoot the Messenger
The French Rebound Continues In October While Germany Moves Sideways
Oct 28, 2009
Geostrategy Channel
Germany's 2009 Bundestag Election: a Political Realignment in Progress?
Sep 30, 2009
Global Macro Channel
Output, Productivity, Employment, Household Debt, Consumption, and Wealth
Sep 23, 2009
Daily Digest
Analysis
Markit Germany Services/Composite PMI – final data (January 2012)
Markit Economic Feb 03, 2012
Analysis
Markit/BME Germany Manufacturing PMI – final data (January 2012)
Markit Economic Feb 01, 2012
Analysis
German Final Manufacturing PMI (Jan): Return to Expansion Level Confirmed
BNP Paribas Feb 01, 2012
Analysis
German CDU's European Roadmap Revisited: EMU Exit Clause in the Cards?
Roubini Global Economics Jan 9, 2012
Analysis
la Caixa:The deterioration in German economic sentiment slows up in December (January Monthly Update)
la Caixa January 2012
Analysis
Germany: 2011 rise in retail turnover expected to be about 1.2% in real terms
Federal Statistical Office (Destatis) Jan 05, 2012
Analysis
Ifo Business Climate Germany-January 2012
Centre for European Economic Research Jan 25, 2012
Analysis
GERMAN 'FLASH' PMI (JANUARY). Another strong set of survey data in Germany.
BNP Paribas Jan 24, 2012
Opinions
Germany now stands alone. But its power may weaken the euro zone
The Economist Jan 21, 2012
Analysis
European sovereign debt crisis triggers technical recession in Germany
Deutsche Bank Jan 13, 2012
Analysis
European sovereign debt crisis triggers technical recession in Germany
Deutsche Bank Jan 13, 2012
News
Now for the next silly idea to solve the Eurozone crisis, the Tobin tax
Eurointelligence Jan 10, 2012
Analysis
Euro area: German industry is weak, but other data are good
J.P.Morgan Chase Bank Jan 09, 2012
Analysis
Markit Germany Services/Composite PMI – final data (December 2011)
Markit Economic Jan 04, 2012
Analysis
Markit/BME Germany Manufacturing PMI – final data (December 2011)
Markit Economic Jan 02, 2012
Analysis
Unicredit: 2012 Outlook-Gradually moving towards a better place
Unicredit Bank Dec 15, 2011
Analysis
la Caixa: Notable German economic growth in the third quarter (December Monthly Update)
la Caixa December, 2011
News
Retail turnover in Germany in October 2011: –0.4% in real terms to October 2010
Federal Statistical Office (Destatis) Nov 30, 2011
Analysis
German Ifo Business Climate (Dec) Increases for the Second Month Straight
BNP Paribas Dec 20, 2011
Analysis
OECD composite leading indicators continue pointing to slowdown in economic activity
OECD Dec 12, 2011
Analysis
Germany Outlook: Stagnation in 2012, Recession in 2013
Roubini Global Economics Dec 05, 2011
News
ZEW Indicator of Economic Sentiment (December)-Downward Trend of Economic Expectations has Come to a Halt
The Centre For European Economic Research Dec 13, 2011
Analysis
The EBA publishes Recommendation and final results of bank recapitalisation plan as part of co-ordinated measures to restore confidence in the banking sector
European Banking Authority Dec 08, 2011
Analysis
Markit Germany Services/Composite PMI – final data (November 2011)
Markit Economic Dec 05, 2011
Analysis
Markit/BME Germany Manufacturing PMI– final data (November 2011)
Markit Economic Dec 01, 2011
Analysis
Germany: Growth momentum temporarily halted by uncertainty
European Commission Nov 10, 2011
Analysis
la Caixa: Growth prospects ease back for the German economy (November Monthly Update)
la Caixa November, 2011
RESEARCH AND STRATEGY FIXTURES
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Top 10 Most Read
Featured Economic Research and Market Strategy
Featured Analysis
United States Outlook: Don't Dismiss That Recession Risk
“Downside risks dominate: Heavier fiscal drag and spillovers from a worsening of the eurozone (EZ) crisis on credit conditions and net worth still suggest a 50% probability of recession.”
FEATURED @ RGE
Feb 01, 2012
Jan 26, 2012
Jan 11, 2012
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