ECB's Kazaks: The direction of interest rates is clearly down

post: ECB's Villeroy: More Confident ECB Can To Bring Inflation To 2% - BFM Business - There Will Be More ECB Rate Cuts Next Year - At Ease With Market Rate Expectations For Next Year

Monthly real gross domestic product (GDP) is estimated to have fallen by 0.1% in October 2024, largely because of a decline in production output; this follows a fall of 0.1% in ...

Monthly production output was estimated to have decreased by 0.6% in October 2024; this follows an increase of 0.5% in August 2024 and a decrease of 0.5% in September 2024. ...

post: ECB's Escriva: Logical To Have Further Rate Cuts In Coming Monetary Meetings

post: BUNDESBANK LOWERS GERMAN GROWTH OUTLOOK OVER THE ENTIRE FORECAST HORIZON. post: BUNDESBANK: GERMAN ECONOMY TO SHRINK BY 0.2% THIS YEAR, GROW BY 0.2% IN 2025, 0.8% IN 2026.The Bundesbank’s Forecast for Germany: economy struggling with persistent headwinds An economic recovery is yet to materialise. The German economy is not only struggling with persistent economic headwinds, but also with structural problems, said Joachim Nagel, President of the Deutsche Bundesbank, at the unveiling of the Bundesbank’s December Forecast for Germany. This is affecting the industrial sector in particular, as well as its export business and investments, he explained. The labour market, too, is now responding noticeably to the protracted weakness of economic activity, said President Nagel, adding that this was weighing on private consumption. Unlike previously projected, it is not acting as a driver of economic recovery. Germany’s gross domestic product (GDP) is therefore set to stagnate in the current winter half-year, only beginning to make a slow recovery over the course of 2025. The Bundesbank’s December Forecast for Germany projects a decline of 0.2 % in calendar-adjusted real GDP this year and only slight growth of 0.2 % next year. In 2026 and 2027, the German economy then sees somewhat stronger growth, of 0.8 % and 0.9 %, respectively. The Bundesbank experts anticipate only a gradual pick-up in export business. They assume that, after a further delay, business investment will also increase again. Although private consumption is set to grow throughout, it is no longer as dynamic as previously expected, Nagel explained. In view of the temporary cooling of the labour market and a decline in wage growth, consumer spending initially goes up only marginally. Overall, the growth outlook has thus been revised sharply downwards over the entire forecast ho