Target 2 – legonomics

The German economy in December 2024 – the illusion is dead, long live the illusion!

As expected, German GDP has shrunk by -0.2% in 2024, a phenomen which last occured in 2002/2003. And – although some pundits still hope for a meagre growth in 2025 (cf. here for an overview) – my forecast is that Germany’s economy will again decline in 2025 – and probably by more than -1%.

The German economy in November 2024 – behind the curve

So, I am behind everything – due to the worsening economic situation in Germany I did not only have not time to write my ususal monthly before Christmas, but also not over Christmas! Hence, with the ususal apologies and without further adue I jump right in, where I left in November (here):

The German economy in October 2024 – nothing goes to heck in a straight line

Just after I sent out my last monthly (here), Destatis announced that at least in the third quarter, Germany’s economy experienced a slight growth (here). So, not all is bad in Germany? Well, let’s see and take a closer look on how Germany’s economy fared in October:

The German economy in September 2024 – the end of the beginning

While I had still some hope left for an autumn upswing at the end of last month (here), that hope is now totally gone. But hey, let’s take a closer look on how the German economy fared in September 2024 in order to find out why:

The German economy in August 2024 – where is the autumn upswing?

Due some work-related journeys through Europe, this monthly is a little late in the month. Unfortunately, the picture of the German economy in August does not really get better with temporal distance. But, hey, let’s take a closer look on how the German economy fared in August 2024:

The German economy in July 2024 – summertime blues?

After observing that Germany’s „hard“ KPI were southbound in June, all eyes are now on the development in July. So, hey, let’s take a closer look how the German economy fared in July:

The German economy in June 2024 – „hard“ KPI’s southbound

Last month showed that Germany’s economy is not a European Champion anymore (here), and in June it does not really get better. But, hey, let’s take a closer look at how the German economy is faring:

The German economy in May 2024 – not really a European Champion

Although quite a formidable phalanx of pundits indeed see the German economy „coming out of the woods yet“ (cf. my last monthly, here), not only the mood but also the current figures are not really champion-like. But, hey, let’s dive deeper into the facts:

The German economy in April 2024 – out of the woods already?

Well, „subdued“ – the term I used in my last issue (here) – was the correct description of Germany’s economy as it turns out now. But, hey, let’s look at the current stage in more detail and assess how it will develop:

The German economy in March 2024 -„subdued“ is the term u r looking for

While starting to write this monthly, I realised that one of the first sentences of my last one ended in nirvana („… it seems that the roller-coaster …“, here) Well, unintend pun that was. But, hey let’s take a more closer look at how the German roller-coaster, aka „economy“ fared in March: