(Bloomberg) Expectations for Germany’s economy to bounce back next year prove it’s not the “sick man of Europe,” according to Bundesbank President Joachim Nagel.Most Read from BloombergStocks Fall, Yields Rise as Hot Data Fuel Fed Bets: Markets WrapPutin Arrives in China to Meet Xi on Rare International TripIsrael Latest: Blinken Works on Gaza Aid as Biden Set to VisitWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?Biden Plans High-Stakes Israel Visit to Keep War From EscalatingBut the fre
While global investors are fixated on the prospects for the U.S. and China, they should not lose sight of the euro-zone where the economic outlook has shifted this year.
(Bloomberg) European Central Bank Governing Council member Joachim Nagel said it’s too soon to say whether interest rates have reached their peak as policymakers still face stubborn inflation.Most Read from BloombergIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsEx-Goldman Bankers Make a Fortune With Controversial Bet on Coal‘Dead Space’ Co-Creator Departs Startup After Newest Game FlopsPassalacqua in Italy’s Lake Como Is Named Best Hotel in the World“Have we reached the plateau?”
(Bloomberg) Germany’s economy will probably shrink this quarter and officials must address a range of deep-seated challenges to the country’s business model if they’re to boost the longer-term outlook, according to the Bundesbank.Most Read from BloombergHow Auto Executives Misread the UAW Ahead of Historic StrikeXi’s Missing Defense Chief Opens Door for US Military TalksEurope Is Better Prepared If Trump Wins Again, Germany’s Baerbock SaysMGM Resorts Hackers Broke In After Tricking IT Service
The German economy is set to contract slightly in the third quarter as private consumption is unlikely to contribute positively, Bundesbank said in its monthly report released Monday.