Member of the European Central Bank (ECB) Governing Council and Deutsche Bundesbank (Buba) President Joachim Nagel insisted on Monday that it is "crucial" to keep public finances "solid" both in the Eurozone and Germany.Speaking before the Berlin School of Economics, Nagel outlined his proposal...
Member of the European Central Bank (ECB) Governing Council and Deutsche Bundesbank President Joachim Nagel said on Tuesday that the German economy can expect a "slight economic recovery" over the course of the year but that there is currently "no meaningful upswing in sight," warning...
Germany's economy contracted by 0.2% in the fourth quarter of 2024, according to the Bundesbank's latest monthly report published on Monday. The Federal Statistical Office's flash estimate showed that weaker exports and a downturn in key industrial sectors contributed to the decline.Industrial...
Member of the European Central Bank (ECB) Governing Council and Deutsche Bundesbank President Joachim Nagel said on Monday that his country's economy would "suffer considerably" from a policy shift in the United States, brought on by US President Donald Trump's proposed tariffs."Our strong...
Member of the European Central Bank (ECB) Governing Council and Deutsche Bundesbank President Joachim Nagel said on Wednesday that gradualism in setting monetary policy was called for as the ECB's easing cycle neared the neutral rate."The closer we get to the neutral rate, the more...
The German economy is unlikely to escape the prolonged period of stagnation in the first quarter of 2025, the Deutsche Bundesbank said in its monthly report on Wednesday.Inflation is projected to stay high in the early months of 2025, mostly due to further increases in the carbon price of fossil fuels...
Deutsche Bundesbank President Joachim Nagel underlined on Friday in a speech that it is clear the German economy is going through a "pronounced [period of] weakness," with gross domestic product expected to increase only 0.2% in 2025.He stressed that the next federal government needs to...
The Deutsche Bundesbank said in its latest economic outlook report on Friday that it expects the German economy to shrink by 0.2% in 2024. It also revised growth in 2025 down to 0.2%, 0.8% in 2026 and 0.9% in 2027. The central bank stressed the economy is "not only battling persistent economic...
Deutsche Bundesbank President Joachim Nagel warned on Friday that the European model of prosperity is coming under "mounting pressure" and that the European Union must increase its resilience. He stressed the importance of completing the banking union and the capital markets union, stating...
President of the Deutsche Bundesbank Joachim Nagel warned on Monday that the signs of geoeconomic fragmentation are becoming "increasingly obvious" and that the world may be on the brink of "significant escalation." He cited rising protectionist measures, most markedly in the United States...
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