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Germany
Featured Content
RGE Analysis
EZ Election 2012/13 Special: National Politics and the European Debt Crisis
Feb 13, 2012
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 Economy Beats Expectations—GDP Grows by 0.5% q/q in Q1
German Economic Sentiment Deteriorates for the First Time Since December
Eurozone : Germany : Europe : Macroeconomy : Growth Outlook and Business Cycle :
Germany: Price Dynamics (Inflation/Deflation)
German Inflation Rises Marginally in April
Eurozone : Germany : Europe : Macroeconomy : Monetary Policy and Inflation :
Germany: Export Sector
German Exports Increase by 11.4% y/y in 2011
Eurozone : Germany : Europe : Macroeconomy : International Trade and Globalization : Sectors and Industries :
Germany: Labor Market
German Unemployment Rate Remains Unchanged at 6.8% in March
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: Bright Domestic Demand Prospects
Following exceptionally strong growth in 2011, RGE expects Germany’s economic momentum to slow markedly, but to remain positive over the next two years. Economic growth will be driven by accelerating domestic demand, while additional impetus will come from the external sector in light of a mild rebound in export expectations. Private consumption growth will likely accelerate in 2012 in light of the notable reversal in consumer confidence, decelerating inflation, above-average wage growth and the highly favorable labor market outlook. Meanwhile, we expect investment activity to slow following the supercharged catch-up growth in 2011. The government has, for the time being, disappointed hopes that eurozone (EZ) policy makers might agree to boost the EZ firewall. However, we eventually expect Germany to give in to international pressure and agree to combine the lending capacity of the European Financial Stability Facility (EFSF) and European Stability Mechanism (ESM), possibly as early as the end of March 2013.
Read the latest Germany Outlook
Economic Research
Economic Research
What’s on Nouriel’s Mind: 12 Drivers of the Eurozone’s Slow-Motion Train Wreck
By May 1, 2012
Economic Research
What’s on Nouriel’s Mind: The Eurozone Needs More Than Austerity to Restore Growth
By Apr 12, 2012
Economic Research
What’s on Nouriel’s Mind: A Balance-Sheet Recession Calls for Monetized Fiscal Deficits, Not Fiscal Austerity
By Apr 3, 2012
Conference Call
Conference Call Replay: EZ Political Risks—Policy and Economic Implications; Navigating Stormy Waters
By Mar 13, 2012
Economic Research
EZ Election 2012/13 Special: National Politics and the European Debt Crisis
By Feb 13, 2012
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
Conference Call
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
Conference Call
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
Europe Has Chosen a Harsh Future. All the Paths for Greece Lead into Darkness.
Feb 24, 2012
Dan Alpert's Two Cents
Tinkerbell Economics - The Confidence Fairy, Pixie Dust and a Sleeping Dragon
Feb 6, 2012
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
ZEW Indicator of Economic Sentiment: Expectations Deteriorate (May 2012)
Centre for European Economic Research May 15, 2012
Analysis
Report on the public consultation on the European Commission Green Paper on the feasibility of introducing Stability Bonds
EU Commission May 15, 2012
Analysis
Germany: Domestic demand to drive growth over the forecast horizon
European Commission May 11, 2012
Analysis
Germany Article IV Consultation: Concluding Statement of the IMF Mission (May 2012)
IMF May 08, 2012
Analysis
Markit Germany Services/Composite PMI– final data (April 2012)
Markit Economic May 04, 2012
Analysis
High petrol prices are affecting the consumer-Findings of the GfK consumer climate study for Germany for April 2012
GfK Apr 27, 2012
Analysis
World Economic Outlook: Growth Resuming, Dangers Remain (April 2012)
International Monetary Fund (IMF) Apr 17, 2012
Analysis
Markit Germany Services/Composite PMI – final data (March 2012)
Markit Economic Apr 04, 2012
Analysis
ZEW Indicator of Economic Sentiment: Expectations Almost Unchanged
Centre for European Economic Research Apr 17, 2012
Analysis
Markit/BME Germany Manufacturing PMI – final data (March 2012)
Markit Economic Apr 02, 2012
Analysis
German Manufacturing PMI (Final, March): Small upward revision, still below 50
BNP Paribas Apr 02, 2012
Opinions
The euro zone’s illness is returning. A cure requires more integration, but Germany isn’t keen
The Economist Mar 30, 2012
Analysis
Germany: Slight increase in the business climate according to the IFO
BNP Paribas Mar 26, 2012
Analysis
Ifo Business Survey February 2012-Business Climate Indicator Continues to Rise
CESifo Feb 23, 2012
Analysis
ZEW Indicator of Economic Sentiment (March 2012) - Positive Outlook Confirmed
Centre for European Economic Research Mar 13, 2012
Research
Structural Reforms and Macroeconomic Performance in the Euro Area Countries: A Model-Based Assessment
ECB April 2011
Analysis
Markit Germany Services/Composite PMI – final data (February 2012)
Markit Economic Mar 05, 2012
Analysis
Euro area:German business surveys signal trend-like growth in early 2012, supported by domestic demand
J.P.Morgan Chase Bank Feb 28, 2012
Analysis
Markit/BME Germany Manufacturing PMI– final data (February 2012)
Markit Economic Mar 01, 2012
News
Retail turnover in Germany in December 2011: –0.9% in real terms on December 2010
Federal Statistical Office (Destatis) Jan 31, 2012
Opinions
The Proust index- Advanced economies have gone backwards by a decade as a result of the crisis
The Economist Feb 25, 2012
Analysis
ZEW Indicator of Economic Sentiment - Optimism Rises Considerably
Centre for European Economic Research Feb 14, 2012
RESEARCH AND STRATEGY FIXTURES
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Top 10 Most Read
Featured Economic Research and Market Strategy
Featured Analysis
No Hints of Easing From FOMC, But Low-Rates Gravy Train Keeps on Rolling
“Despite the reasonable growth pace of Q1, there is evidence of weakening in spending and investment activity indicators, and speed bumps have recently emerged in labor market progress.”
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