Monthly – Seite 4 – legonomics

The German economy in April 2022 – slow recognition

In April 2022 the war in Ukraine (for regular updates, cf. here, in German) was also dominating the economic headlines in Germany, while Corona slowly faded from the front pages. After the reality of the war and other factors hindering a swift ecomic upturn had seemingly set in with the German economy in March 2022 (here), the question is how it fared in April. So, let’s take a closer look:

The German economy in March 2022 – Reality is setting in

The war of Russia against Ukraine dominates the headlines for over a month now (cf. here for the current situations update, in German). And while other nations and the largest parts of Europe had their respective „freedom day“ a while ago, Germany was still fighting its own (unwinable) war against Corona – until the envisioned vaccination-obligation came crushingly down in the German parliament (as to the current German corona-status, cf. here, in German). The war as well as the (retarded) liberation from Corona will surely take a large toll on the German economy in the long run. In February (here), though, the German economy did not look too bad. But, hey, let’s take a look at immediate consequences, if any:

The German economy in February 2022 – like Wile E. Coyote?

Although the case-numbers of people infected with corona were actually increasing in February (cf. here), this issue was put on a backburner even before Russian troups actually started their attack against the Ukraine on 24 February 2022. Hence, even if it was clear that there would be no „freedom day“ as such, even Germany was opening up again. But then, Russia shocked the world. The consequences for the German economy are still not clear. So, hey, let’s take a look at the immediate pre-war status of the German economy:

The German economy in January 2022 – from „distressed“ to „war“?

The short-term outlook for 2022 was not look to bad at the end of last month, given the „hard KPIs“ of orders, production and exports at the end of December 2021 (here). Also, the „end“ of the pandemic indeed begins to materialise. However, rising inflation and a potentially escalating conflict in the Ukrainian might serve as a party crusher. But hey, let’s take a more detailed view on the January 2022 figures before jumping to conclusions:

The German economy in December 2021 – „distressed“ winter

After there were more questionmarks to the German economy than positive outlooks in November 2021 (here), the ongoing question is, whether it gets better in the foreseeable future. To answer that question, let’s take a more detailed view on the December figures to answer that question:

The German economy in November 2021 – winter does not look too good either

The German economy did not look too good in October 2021 (here), hence the question remained, would it get better in November? So, let’s take a more detailed view on the November figures to answer that question:

The German economy in October 2021 – autumn doesn’t look too good…

Already the last overview of the German economy for September 21 pointed to an at least slowing economy (here), the question is now, will it remain moving forward at all? But, hey, let’s take a more detailed view on it:

The German economy in September 2021 – it doesn’t look too good…

In the last overview about the German economy for August 2021 I was – given the more than „mixed“ data – already wishing for a better autumn (here). Such autumn, though, does not seem to materialise. But let’s take a more detailed view on the further development:

The German economy in August 2021 – oh, well…

In the last overview about the German economy for August 2021 I was – given the more than „mixed“ data – already wishing for a better autumn (here). So, hey, let’s take a more detailed view on the further development:

The German economy in July 2021 – let’s hope for a better autumn

The last overview of the German economy for June 2021 wished us all a relaxed summer (here). So, hey, let’s take a more detailed view whether we still can be relaxed: