📊 Good Morning from #Germany which dropped to 24th place in IMD World Competitiveness 2024 Ranking. That's 2 places lower than a year ago and 9 places lower than 2yrs ago, but still one place above the all-time low of 25th in 2006. One of the reasons for the recent plunge is the… https://t.co/fHoEHSsqwf https://t.co/KQKiioV8Zx
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📊 Good Morning from #Germany where Chancellor Olaf Scholz’s ruling coalition ditched a plan to buy entire German unit of Tennet Holding’s power grid, after the cost proved too much for the govt’s stretched finances. Govt in Berlin had hoped the deal would mark a 1st step in… https://t.co/eNjBjm05Fo https://t.co/VvNBZRcOiD
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📊 Good Morning from #Germany which is highly dependent on trade w/China. Vice Chancellor Robert Habeck says China's support for Russia in the war against Ukraine is the main reason for the deterioration in econ relations between Berlin and Beijing. https://t.co/nHGNHapxBm https://t.co/baVkwLFy6X
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📊 Good Morning from #Germany, where the solar industry suffers a setback for the second time this millennium, despite the global solar boom as Chinese players are producing below cost. The SMA Solar share price fell by more than a third this week. (Chart via @TheEconomist) https://t.co/e2QVOYALDr
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📊 Good Morning from #Germany where the population has grown less strongly in recent years than previously assumed. Acc to the results of the 2022 census, ~82.7mln people were living in Germany, ~1.4mln fewer inhabitants than previously thought. The deviation was substantial for… https://t.co/ATINgdeF76 https://t.co/sEvz9Igguz
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📊 #Germany is experiencing a quake on the market for open-ended property funds. The stock market prices differ markedly from the providers' NAVs. Don't miss my take on this on LinkedIn. https://t.co/d1MiyzyeUE
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📊 Good Morning from #Germany where there is a further setback to econ recovery. Factory orders unexpectedly plummeted in May. Demand dropped 1.6% MoM vs +0.5% expected. Result extends slump to 5mths, highlighting persistent struggles of German manufacturers. Orders down 8.6% YoY… https://t.co/fbbdScgf2W https://t.co/toDEZWNfW8
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📊 Good Morning from #Germany, where #deindustrialization continues unabated. Industrial production fell by 2.5% in May to a level last seen in 2010 - except for coronavirus –, meaning industrial activity is unlikely to contribute to GDP growth in Q2. The consensus forecast was for… https://t.co/1yVyiIwh8p https://t.co/u24SPIDHEp
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📊 #Germany seals 2025 budget plan after tense negotiations. The debt brake is to be adhered to and, w/the help of the economic component, higher debts than 0.35% of GDP are possible. Some new debt is offset by assets such as the public equity pension. Net new federal debt in… https://t.co/lWAsHu7PNY https://t.co/QgrBW7zvXA
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📊 Good Morning from #Germany where the trade balance widens despite a fall in exports, indicating the subdued recent demand for German goods. The difference between exports and imports of goods rose to €24.9bn in May, 2nd highest monthly surplus in German history, from €22.2bn in… https://t.co/zbk0U1Z8bl https://t.co/uNSIQguBcI
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📊 #France 10y risk spread over #Germany drops after surprise win for Left in French Vote. https://t.co/fMBFEU5psO
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📊 Good Morning from #Germany, where prices for refrigerated dairy products are skyrocketing. A 250g packet of butter now costs €1.99, a third more than at the start of the year and just 30 cents short of the record €2.29 set in Dec 2022. Butter is a very emotional topic for… https://t.co/iMHI6I6CqB https://t.co/a0uXc3WSN7
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📊 Good Morning from #Germany where wealth inequality has decreased since 2008, as shown by the Gini coefficient. Germany's wealth inequality is now just above the Western European average. This improvement is b/c median wealth has increased more significantly than average wealth… https://t.co/X6CR4W40NE https://t.co/20z5ztnJ1V
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📊 Good Morning from #Germany where the number of corporate insolvencies up by a third. In April 2024, the local courts reported 1,906 corporate insolvencies. The courts put the creditors' claims from the corporate insolvencies reported in April 2024 at ~€11.4bn. In April 2023, the… https://t.co/DR08GrdTEN https://t.co/2rXkRDilXQ
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📊 Good Morning from #Germany, which stands out globally w/its unique fiscal policy. It's one of the few countries where the debt ratio decreased during the 2010s and the deficit is also declining. https://t.co/F6770lKYr9 https://t.co/4aAUlwWnuu
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📊 Good Morning from #Germany where politicians condemned political violence and wished Donald Trump a speedy recovery after a shooting at a rally on Saturday wounded the former president and killed at least one attendee. Chancellor Olaf Scholz called the attack “despicable” in a… https://t.co/UdR7oIBD8y https://t.co/sarAFNlAmQ
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📊 Good Morning from #Germany where wealth inequality here has decreased in recent years, w/GINI score for wealth distribution dropping from 72 in 2008 to 68 last year. Despite this improvement, Germany still ranks among the top 10 most unequal countries in terms of wealth… https://t.co/IayJD63HTB https://t.co/zKfgnXVs0C
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📊 Good Morning from #Germany, where inheritance tax fell last year to €7.7bn from €8.1bn. This tax accounts for less than 1% of tax revenue. If you wanted to generate a higher tax, you would have to tax a lot more and go after "grandma's little house". https://t.co/q4whx2NoYM
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📊 Good Morning on #ECB day from #Germany where there's no need for further interest rate cuts. The Taylor Rule suggests the fair interest rate should be 5.75%, 150bps higher than the current rate of 4.25%. While the unemployment rate is close to the Non-Accelerating Inflation Rate… https://t.co/UEgkySJ0eZ https://t.co/d5ut4F9cGZ
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📊 Good Morning from #Germany where the effect of falling producer prices is starting to fade. In June, the Producer Price Index (PPI) dropped by just 1.6% and even rose by 0.2% MoM. This suggests that the positive effect on consumer price #inflation might also start to level off. https://t.co/PQ2aFeFpTW
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