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Press Release
The German economy is expected to grow by 1.8 percent in 2014, keeping that pace in 2015, at a rate of two percent. GDP is expected to grow during the forecast period at rates only slightly above the trend; the slight under-utilization will therefore decrease correspondingly slowly. Inflation remains weak. Global economic growth was weaker at the start of the year. In both the industrialized and emerging ...
17.06.2014
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Economic Bulletin
by Kerstin Bernoth, Marcel Fratzscher, Philipp König in: DIW Economic Bulletin 5/2014Inflation in the euro area has been below the European Central Bank's target for almost a year now and it is also expected to remain at a very low level in the near future. On the one hand, such a low level of inflation is not in line with the ECB's objective. On the other hand, there is the risk that this situation ...
13.06.2014
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Economic Bulletin
in: DIW Economic Bulletin 5/2014The ECB’s Policy of Low Interest Rates Is Indispensable for Now: Five Questions to Dorothea Schäfer
13.06.2014
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Economic Bulletin
by Marius Kokert, Dorothea Schäfer, Andreas Stephan in: DIW Economic Bulletin 5/2014Member states of the euro area have been struggling with the legacies of the severe financial and economic crisis for four years now. But debt ratios are still rising. Negative primary balances, low growth, and low inflation do not allow for a recovery similar to the one in the US after the Second World War. Between ...
13.06.2014
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Press Release
The crisis in the European currency area is not over yet. Although the situation in the financial markets is currently relatively calm, the economic crisis appears to be bottoming out in most countries. Nevertheless, fundamental design flaws in the Monetary Union continue to exist. If these are not fully addressed, it will only be a matter of time before a new crisis hits, and a partial or complete ...
12.06.2014
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Report
Achieving Sustainable Financial Stability: Conference organised by the Deutsche Bundesbank, the German Institute for Economic Research (DIW Berlin), the European School of Management and Technology (ESMT) and the Center for Financial Studies, 1-2 October 2014, Berlin, GermanyWhile still struggling with the financial and sovereign debt crisis, the financial markets, the real economy and governments ...
10.06.2014
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Press Release
Housing rents in Germany have been rising for several years. Especially in major cities such as Berlin, Hamburg, and Munich, the increases have recently been higher than the German average growth rate of rents that makes up roughly two percent. The German government would like to respond to this development by introducing caps on rents for new rentals. But are rent really necessary? The growth rates ...
09.04.2014
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Press Release
Inflation in the euro area has been below the European Central Bank's target for almost a year now and it is also expected to remain at a very low level in the near future. On the one hand, such a low level of inflation is not in line with the ECB's objective. On the other hand, there is the risk that this situation will lead to a slide into deflation. In view of the ECB's historically low policy rates, ...
19.03.2014
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Economic Bulletin
by Christian Dreger and Yanqun Zhang in: DIW Economic Bulletin 2/2014.The Chinese model for economic growth is undergoing a fundamental reorientation. While output has been driven by investments and exports in recent decades, private consumption is expected to become a major trigger for future GDP growth. However, the conditions for higher demand from households are far from optimal: the savings rate ...
14.02.2014
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Economic Bulletin
in: DIW Economic Bulletin 2/2014"China's New Course: Strengthening Private Consumption". Five Questions to Christian Dreger
14.02.2014
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Press Release
Member states of the euro area have been struggling with the legacies of the severe financial and economic crisis for four years now. But debt ratios are still rising. Negative primary balances, low growth, and low inflation do not allow for a recovery similar to the one in the US after the Second World War. Between 1946 and 1953, the US was able to almost halve its debt with no haircuts. The crisis ...
12.02.2014
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Economic Bulletin
by Marcel Fratzscher, Philipp König and Claudia Lambert in: DIW Economic Bulletin 11/12 /2013. The debate about TARGET2, the payment system of the European System of Central Banks (ESCB), has resulted in controversial discussions in Germany in recent years. The present study by DIW Berlin concludes that fears often expressed in this context of the risks to Germany are largely unfounded. ...
13.12.2013
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Economic Bulletin
in: DIW Economic Bulletin 11/12 /2013"Settling TARGET Balances after the Euro Crisis". Seven Questions to Claudia Lambert and Philipp König
13.12.2013
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Press Release
Since 2010, housing prices in Germany have been growing on average by 6 percent a year. During the same period, the rents have been increasing by 4 percent, which is significantly slower than the housing prices, but substantially faster than the consumer prices. This is one of the results of the DIW Berlin study that examines the housing price dynamics in 71 large German cities. The largest rent increases ...
05.12.2013
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Press Release
Recently, the number of immigrants to Germany, especially from the eastern and southeastern European countries that joined the EU in 2004 or 2007, has risen sharply. In addition, migration from southern Europe has regained importance. Many migrants have come to take up some training, the vast majority, however, for employment. These migration flows are having distinct effects on the recent development ...
05.12.2013
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Press Release
Following a decline last year and stagnation in 2013, the construction industry's economic prospects for 2014 are looking noticeably brighter. DIW Berlin expects more than six percent nominal growth for construction in Germany, or four percent in real terms, primarily as a result of persistently brisk residential construction activity and recovery in public-sector building. The core construction industry ...
20.11.2013
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Press Release
Since the beginning of the crisis, large Target 2 positions developed on the balance sheets of the national central banks in the euro area. At the height of this development in the middle of 2012, the German Bundesbank disclosed Target-claims vis-à-vis the ECB amounting to around 750 billion euro. Since then, the balances decreased and currently amount to 570 billion Euro, which is still considerably ...
30.10.2013
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Press Release
The Chinese model for economic growth is further transforming. While the rise in output was heavily based on investment and export activities in recent decades, private consumption is expected to become a driver for growth in the period ahead. However, the conditions for higher consumer demand of private households are not optimal: The savings rate is high, particularly driven by the low level of social ...
09.10.2013
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Economic Bulletin
by: S. Bach, G. Baldi, K. Bernoth, J. Blazejczak, B. Bremer, J. Diekmann, D. Edler, B. Farkas, F. Fichtner, M. Fratzscher, M. Gornig, C. Kemfert, U. Kunert, H. Link, K. Neuhoff, W.-P. Schill, C. K. Spieß in: DIW Economic Bulletin 08/2013. Shortly before the parliamentary election in 2013, Germany is riding on a wave of euphoria: hardly any other euro country has weathered the financial and debt ...
09.08.2013
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Economic Bulletin
by: Stefan Bach, Guido Baldi, Kerstin Bernoth, Björn Bremer, Beatrice Farkas, Ferdinand Fichtner, Marcel Fratzscher, Martin Gornig in: DIW Economic Bulletin 08/2013. While many countries in the euro area are deep in recession due to a debt and structural crisis, the German economy appears to have excelled compared to many other euro area countries. Unemployment has fallen to the lowest level since ...
09.08.2013