ECB Looks at Climate Risk
The European Central Bank (ECB) is increasing its focus on climate-related risks and the green transition. The ECB will review its climate actions…
German Economy Shrinks
The German gross domestic product (GDP) decreased by 0.3% in the fourth quarter of 2023 compared to the previous quarter. The overall economic…
German Homes Need Less Heat than 20 Years Ago
Private households in Germany have reduced their CO2 emissions from heating by 12% over the past 20 years. In 2021, approximately 147 million…
€20 and €50 Most Counterfeited
The number of counterfeit euro banknotes withdrawn from circulation in 2023 was low, with 467,000 counterfeit notes being removed. The majority of these…
German Rail Strike Ends Early
In a significant development in the ongoing labor dispute, the Gewerkschaft Deutscher Lokomotivführer (GDL) has prematurely ceased its strike actions in both goods…
Eurozone Net Savings Surge
In the third quarter of 2023, the euro area saw an increase in net saving and a decrease in household debt-to-income ratio and…
ECB Survey: Inflation Angst Calms
The ECB Survey of Professional Forecasters for the first quarter of 2024 reveals that inflation expectations have been revised down, with longer-term inflation…
ECB: Money Growth up 0.1%
In December 2023, the annual growth rate of broad monetary aggregate M3 increased to 0.1% from -0.9% in November. The annual growth rate…
Taxed Cigarettes in Germany More Than Halved
In 2023, the number of taxed cigarettes in Germany decreased by 2.7% compared to the previous year. Since 1991, the amount of taxed…
Germany Starts Microcensus 2024
The Microcensus 2024 has begun in Germany, with approximately 380,000 households and communal accommodations selected for the survey. These households, representing about 1%…