The outlook for the German economy has deteriorated over the last month. Although, the high level of sick leave and supply bottlenecks have noticeably eased, GDP has not yet returned to an expansionary course. Business surveys indicate that economic momentum will remain weak in the second half...

The global economy has expanded at a very moderate pace so far in 2023, but stayed clear of the recession predicted by many for the advanced economies as a result of the massive tightening of monetary policy. In the United States in particular, the economy is proving surprisingly robust. By...

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...