Upbeat business sentiment Moreover, upbeat business sentiment was supported by favourable weather conditions. According to the recent release of the IAB Institute for Employment Research, there were no negative weather impacts on employment in Q4. On the demand side, private consumption looks set to have risen slightly in the finalRead More →
Scenario 2: full compensation of UK budget shortfall Scenario 2: full compensation of UK budget shortfall, no spending cuts In a second scenario, member states can be convinced that EUR 10-11 bn additional spending needs to be provided in order to compensate for the budget gap left by Brexit, anRead More →
Industrial production in October declined Industrial production in October declined slightly, also due to two nationwide “bridge days”. Manufacturing output on such a day is, on average, around one- third lower than on a normal working day. But, as experience shows, the effect is smaller in months with two “bridgeRead More →
Q4 2017 likely expanded by 0.5% Q4 2017 likely expanded by 0.5% When publishing initial German GDP results for 2017, the Federal Statistical Office provided neither growth rates nor details for the fourth quarter. Final- quarter data and the revisions to the initial results for 2017 are due to beRead More →
Employment and income Thanks to the flourishing labour market, nominal disposable income rose by 3.9%. In real terms, it increased by 2.1%, given consumer inflation of 1.8%. Gross wages in 2017 were up by 4.4%, driven by a 2.7% increase in gross wages per employee to EUR 2,861 a monthRead More →
National impact can still differ substantially However, the national impact can still differ substantially. For many net recipients from the EU budget, structural and investment funds account for a substantial share of public investment (e.g. Around 70% in Portugal and around 50% in Poland from 2015-2017). For these countries, anRead More →
German economy expanded by 2.2% in 2017 GDP growth in 2017 broad-based According to initial calculations of the Federal Statistical Office, the German economy expanded by 2.2% in 2017. In calendar-adjusted terms, growth was even up by as much as 2.5%. The expansion was broad-based, with all major GDP componentsRead More →
Social partnership Social partnership has once again proved effective over the past decade. During a long period of wage restraint management and unions corrected previous excesses and made a vital contribution to improving price competitiveness. EU Forecast euf:b.a18b:143/nws-01Read More →
Germany enjoys a solid start to 2018 — Recording growth of 2.2% in 2017 (2016: 1.9%), the German economy expanded for the eighth consecutive year. In calendar-adjusted terms, growth was up by as much as 2.5%, as there were three fewer working days than in 2016. — Robust and broad-basedRead More →
No extra funding for UK budget shortfall Scenario 1: no extra funding for UK budget shortfall, harsh spending cuts In this scenario, resistance among net contributors against higher contributions (on top of the rebate reshuffling) would lead to harsh cuts of the EU budget amounting to the UK’s net contributionRead More →
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