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Germany had revised upwards its 2020 forecast to a decline of 5.8% from a previous estimate of 6.3%

Germany sees economy recovering faster than expected

Germany expects the economic devastation caused by the Covid-19 pandemic to be less severe than originally feared this year.

Business • 01 Sep 20

The new German measures include prolonging a short-time work scheme and freezing insolvency rules

Germany agrees €10 billion extension of Covid-19 relief

German coalition parties have agreed to extend measures to cushion the effects of the coronavirus crisis on Europe's biggest economy at a cost of up to €10 billion.

Business • 26 Aug 20

German private consumption, investments and exports all collapsed at the height of the Covid-19 pandemic

German economy shrank by record 9.7% in second quarter

The German economy contracted by a record 9.7% in the second quarter as consumer spending, company investments and exports all collapsed at the height of the Covid-19 pandemic, the statistics office said today.

Business • 25 Aug 20

German household spending, business investment and exports collapsed during the Covid-19 pandemic

German economy shrinks by record 10.1% in Q2

The German economy contracted by 10.1% in the second quarter, its steepest plunge on record, as household spending, business investment and exports collapsed during the Covid-19 pandemic, preliminary data showed today.

Business • 30 Jul 20

Germany's Ifo institute's monthly barometer rose to 90.5 points, up from 86.3 in June

German business morale improves again

German business confidence rose for the third month in a row in July, a key survey showed today, as Europe's top economy bounced back from coronavirus lockdowns.

Business • 27 Jul 20

Germany - Europe's largest economy - has a long path to recovery from the coronavirus crisis despite a slew of more positive data

German investor sentiment highlights long recovery road

Investor sentiment in Germany worsened somewhat in July, the ZEW economic research institute said today.

Business • 14 Jul 20

German exports climbed 9% to €80.3 billion in May compared to April, when they suffered their biggest plunge since records began

German exports rise in May as lockdowns ease

German exports rose sharply in May as coronavirus containment measures eased, official data showed today, adding to signs of a recovery in Europe's top economy even if trade remains well below pre-pandemic levels.

Business • 09 Jul 20

Retail sales in Germany rose by almost 14% in June, rebounding from a 6.5% drop in April

German economic rebound from coronavirus gathering pace

German retail sales rebounded sharply in May and unemployment rose less than expected in June, data showed today, signalling that an economic recovery from the impact of the coronavirus is gathering steam.

Business • 01 Jul 20

The Ifo institute said its June business climate index surged to 86.2 from an upwardly revised 79.7 in May - the largest surge since records started after reunification in 1990

German business morale posts strongest ever rise

German business morale posted its strongest rise in June since records began as business in Europe's largest economy "sees light at the end of the tunnel" after the coronavirus pandemic, a survey showed today.

Business • 24 Jun 20

The ZEW institute's monthly barometer added 12.4 points to stand at 63.4 in June

German investor confidence highest since March 2006

Confidence among investors in Germany surged in June to its highest level since before the financial crisis, a closely-watched survey showed today, as Europe's top economy emerges from a virus lockdown.

Business • 16 Jun 20

German businesses expected operations to return to normal in nine months after severe lockdowns in the second quarter, Ifo has said

German economy likely to shrink 6.6% due to Covid-19

The German economy is likely to shrink by 6.6% this year as a consequence of the coronavirus crisis before growing by 10.2% in 2021, the Ifo Institute said today in its latest update.

Business • 28 May 20

The German economy saw a first-quarter contraction of 2.2%

Consumption, exports slump push Germany into recession

A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed today, giving a glimpse of the damage caused by the coronavirus pandemic.

Business • 25 May 20

German output shrank by 2.2% in the first quarter of 2020, new figures show today

Virus causes German economy to shrink 2.2% in Q1

The German economy plunged into a recession after suffering its steepest quarterly contraction since the 2009 financial crisis as shops and factories were shut down in the middle of March to fight the spread of the coronavirus, preliminary data shows.

Business • 15 May 20

Some 43% of German firms have faced cancelled orders and more than a third have had to slash investment due to Covid-19

Covid-19 crisis hitting demand at 60% of German firms

Some 60% of German companies are suffering from reduced demand and 80% of firms in Europe's largest economy expect revenues to fall this year as the coronavirus outbreak wreaks havoc.

Business • 08 May 20

The Ifo institue said Europe's largest economy shrank by 1.9% in the first three months of 2020

German economy to contract by 6.6% in 2020 due to virus

Germany's economic institute Ifo said today it expects the economy to contract by 6.6% this year due to the coronavirus and that national output will not return to pre-pandemic levels until the end of 2021.

Business • 28 Apr 20

The Ifo institute said its April survey showed that its business climate index slumped to 74.3 from a downwardly revised 85.9 in March

German business morale plummets to record low

German business morale crashed in April in its most dramatic fall on record and hit its lowest reading since reunification as the coronavirus crisis takes a heavy toll on Europe's largest economy.

Business • 24 Apr 20

The GfK consumer sentiment indicator dropped to -23.4 points in May from a revised 2.3 in the previous month

Coronavirus pushes German consumer moral to record low

German consumer moral reached a record low heading into May as the coronavirus pandemic and measures to contain the outbreak slammed the mood among shoppers, a survey showed today.

Business • 23 Apr 20

The ZEW research institute said its monthly survey showed economic sentiment among investors rose to 28.2 from -49.5 in March

German investors see light at end of 'very long tunnel'

The mood among German investors improved in April as concerns about the impact of the coronavirus pandemic on Europe's largest economy seemed to have eased, a survey showed today.

Business • 21 Apr 20

Even if Covid-19 social distancing measures were eased, economic activity in Germany would continue to be very subdued

German recession to continue until middle of 2020

Europe's economic powerhouse Germany plunged into recession in March, with the slump sparked by the coronavirus pandemic likely to last until the middle of the year, the economy ministry said today.

Business • 15 Apr 20

The German economy is set to shrink by a whopping 9.8% in the second quarter as companies feel the pain from widespread shutdowns

German economy to shrink by nearly 10% in Q2 - experts

The German economy, Europe's biggest, is expected to shrink by nearly 10% in the second quarter as the coronavirus paralyses the country, six leading research institutes warned today.

Business • 08 Apr 20

Ifo said its production expectations index dropped to -20.8 points in March from 2

Germany's Ifo index posts biggest fall since 1991

German industry output rose by 0.3% in February, beating expectations, new figures show today.

Business • 07 Apr 20

German schools, shops, restaurants and sports facilities have closed and many firms have stopped production to help slow the spread of Covid-19

German economy could shrink by 5.4% due to Covid-19

The coronavirus outbreak will push Germany into recession in the first half of this year and could result in output in Europe's largest economy contracting by up to 5.4% this year, Germany's council of economic advisers said today.

Business • 30 Mar 20

Germany's Ifo said it was difficult to predict the future development of the economy

German manufacturing expectations record fastest plunge

German manufacturers have recorded the most precipitous drop in business expectations in the 70-year history of industrial surveys, preliminary figures showed today.

Business • 19 Mar 20

German manufacturers are lingering in a recession prompted by a reduction in exports

German investor morale worsens on coronavirus fears

The mood among German investors deteriorated far more than expected in February on worries that China's coronavirus outbreak would dampen world trade and deepen a manufacturing recession in Germany.

Business • 18 Feb 20

The German economy stagnated in the last three months of 2019

German economy stagnates in Q4 on weaker consumption

The German economy stagnated in the fourth quarter as both private consumption and state spending lost momentum, preliminary data showed today, renewing fears of a recession.

Business • 14 Feb 20

German Economy