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Following an encouraging first half of the year, the recovery of the global economy has lost momentum. Across the globe, resurging Covid-19 infections weighed on economic activity. Supply chain disruptions prevented a further expansion of global industrial production, and the fast-moving...
Persistent link: https://www.econbiz.de/10012805890
The recovery of the German economy is interrupted once again. In the winter, the new Covid-19 wave will particularly hit activity in contact-intensive service sectors as in previous waves. As a result, there will be a setback in private consumer spending and probably also small declines in GDP....
Persistent link: https://www.econbiz.de/10012805894
The German economy is picking up speed again. After the resurgence of the Covid-19 pandemic had interrupted the economic recovery in the winter half-year, GDP will expand at a fast pace in the further course of the year and exceed its pre-crisis level again. With the removal of the...
Persistent link: https://www.econbiz.de/10012650193
The recovery of the German economy needs more time. Ongoing precautionary measures to protect against infection as well as the supply bottlenecks will slow down the catch-up process in the winter. Especially in those service sector that have been particularly affected by the pandemic the...
Persistent link: https://www.econbiz.de/10012658780
The global economy remained on track in the first months of 2021, despite surging covid-19 infections and renewed containment measures in many countries. The impact of the pandemic was largely confined to the service sectors. Meanwhile, the pronounced upturn in industrial production and global...
Persistent link: https://www.econbiz.de/10012589962
The German economy is picking up speed again. After the resurgence of the Covid-19 pandemic had interrupted the economic recovery in the winter half-year, GDP will expand at a fast pace in the further course of the year and exceed its pre-crisis level again. With the removal of the...
Persistent link: https://www.econbiz.de/10012589974
The global economy continued to recover in the winter semester, despite the number of new infections with the coronavirus rising sharply and containment measures tightened again in many countries. Industrial production and world trade have already fully catched up with activity levels before the...
Persistent link: https://www.econbiz.de/10012590089
The second wave of the Covid-19 pandemic has interrupted the recovery in Germany. GDP is set to decline in the first quarter of this year, after stagnating in the previous quarter. However, with the vaccination campaign progressing, the economic burden of the pandemic will ease and the recovery...
Persistent link: https://www.econbiz.de/10012590164
In a situation with already elevated inflation, the war in Ukraine and the zero-covid policy in China have led to additional upward pressures on prices and reinforced the global supply chain problems. Real wages are declining in many countries, dampening personal consumption expenditures even...
Persistent link: https://www.econbiz.de/10013272051
The German economy navigates troubled waters. The catch-up process in the contact-intensive service industries is continuing at a fast pace and companies in the manufacturing sector are sitting on wellfilled order books. However, high inflation is reducing the purchasing power of disposable...
Persistent link: https://www.econbiz.de/10013272056