German economy contracts in Dec – PMI
Germany’s economy contracted again in December, with the HCOB Flash Germany PMI showing a Composite Output Index of…
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German Economy
BNP Paribas signs deal to acquire HSBC’s German private banking unit
BNP Paribas announced on Monday it had signed an agreement to acquire HSBC's private banking activities in Germany.
ifo Institute expects ‘zero growth’ for Germany in ’24
The Ifo Institute has revised its economic growth forecast for Germany, now projecting zero growth for 2024, down…
German retail sales slump in February
Retail sales in Germany saw a surprising drop in February, falling by 1.9 per cent compared to the previous month,…
German property lenders foresee modest rebound in real estate in ’24
German property lenders foresee a modest rebound in real estate financing this year following a significant…
German industrial orders hit three-year high
German industrial orders witnessed an unexpected surge in December, recording the highest increase month-on-month…
Germany’s GDP down 0.3% in ‘23
Germany’s gross domestic product (GDP) went down by 0.3 per cent in 2023 in comparison to the previous year, the…
UK economy to avoid recession- IMF forecast
The UK economy is expected to grow by 0.4 percent in 2023, avoiding a recession, the International Monetary Fund…
Ukraine war costs €100bln loss to Germany’s economy
German economy has declined by 2.5 percent of GDP to reach about €100 billion due to the Ukrainian war and its…
German economy minister sees economic recovery starting October
Germany’s economy may recover from October onwards from the coronavirus pandemic, Economy Minister Peter Altmaier…
