According to the recently released data, the German economy started forcefully into the year 2005. Real GDP increased with an annual rate of 4.2 percent on a seasonal and calendar adjusted basis. Growth of such a magnitude had last been observed at the start of 2001. The impulses came solely...

The cyclical recovery in Germany has come to a standstill. Following relatively high growth in the first half of 2004, real GDP stagnated in the second half. The main cause was the decline in foreign demand. Real exports only increased slightly, following a double-digit increase in the first...

Following an upswing that lasted only one year, the German economy loses momentum. In the third quarter of 2004 real GDP increased with an annual rate of only 0.4 percent; in the first half of the year, expansion rate had still amounted to 1.7 percent. Decisive for the speed loss was the decline...

The cydlical upswing in Germany continued to gain momentum in the spring 2004. Seasonally adjusted real GDP increased at an annual rate of 1.9 percent in the second the quarter, following a 1.7 percent increase in the first quarter. Aggregate capacity utilisation increased for the first time...

The cyclical recovery in Germany continued in the first months of 2004. Real GDP increased at an annual rate of 1.8 percent, following 1.1 percent in the quarter before. The main reason for the relatively fast increase in production was the expansion of foreign demand, in particular from...

Last year real GDP in Germany declined for the first time since the recession in the early 1990s. However, starting in autumn, signs appeared that pointed towards a recovery. In the fourth quarter, aggregate production expanded at an annual rate of 0.9 percent, following a slight increase in the...

The German economy has not yet found out of the phase of stagnation it has been in since the fall of 2000. This spring, aggregate production even fell, again. Real GDP decreased in the second quarter of 2003 with an annual rate of 0.2 percent, following a decline in the preceding two quarters....