RaboResearch - Economic Research

Economic Update Dutch version

Country Update Germany

Germany’s 11Q3 growth (+0.5% q-o-q) testifies to the country’s economic resilience. Private consumption was the biggest contributor to GDP growth, partly due to the disappointing performance in 11Q2.

Economic Update Dutch version

Country Update Germany

Germany’s growth in 11Q2 was nothing short of disappointing, especially given the sharp contraction in consumption amid improvement in the labour market. It seems to us that waiting for German consumers to spend more is like waiting for Godot.

Economic Update Dutch version

Country Update Germany

Various leading indicators suggest that Germany’s growth has hit a soft patch, much like the rest of the world. This is primarily due to weaker global demand.

Economic Update Dutch version

Economic Update Germany

Germany's economic growth momentum continues to surprise on the upside. But the pace of growth will return to more sustainable levels going forward.

Economic Update Dutch version

Economic Update Germany

Industrial production rebounded sharply in January and is expected to grow further in the remainder of 11Q1. Producer sentiment has fallen slightly in March.

Economic Update Dutch version

Economic Update Germany

GDP growth in 2010 was strongest since unification thanks to strong exports and investment. The export outlook has become far less certain. Consumption shows no sign of revival as nominal wage growth remains subdued. Inflationary pressures are building amid sharp rebound in commodity prices, the country’s strong economic conditions and the ultra loose monetary policy stance of the ECB.