The German economy in July 2023 – b(e)acon of hope?

After being too optimistic in March (here), realising that we have seen the best (for 2023) already (here) in April and that the German economy seems to go south with astonishing speeed in May (here), larger parts of the public finally realised in June that the economy is indeed stalling (here). And it does not seem to get better in July, But, let’s take a closer look at the German economy:

„The German economy in July 2023 – b(e)acon of hope?“ weiterlesen

The German economy in June 2023 – stalling

After being too optimistic in March (here), realising that we have seen the best (for 2023) already (here) in April and that the German economy seems to go south with astonishing speeed in May (here), the fearful look goes to the June figures. So, let’s take a closer look at the stalling German economy:

„The German economy in June 2023 – stalling“ weiterlesen

The German economy in May 2023 – the green deal?

While we were seemingly a little too optimistic in March (here) and I feared in April that we have seen the best already (here), the German economy seems to go south with astonishing speeed now. But hey, let’s take a closer look at how it fared in May:

„The German economy in May 2023 – the green deal?“ weiterlesen

The German economy in April 2023 – have we seen the best already?

After enjoying a  „promising start“ in January (here), a serious damper in February (here), the March outlook (here) proved to be too optimistic – even considering my caveats already at that time. But hey, let’s take a closer look:

„The German economy in April 2023 – have we seen the best already?“ weiterlesen

The German economy in March 2023 – looking good at the surface…

…and maybe not rotten to the core. Still, to forecast the development of the German economy is more an art than science: While we enjoyed a  „promising start“ in January (here), the February figures (here) put a serious damper on it. So let’s take a closer look on how the German economy fared in March 2023 to see how its going:

„The German economy in March 2023 – looking good at the surface…“ weiterlesen

The German economy in February 2023 – the light at the end of the tunnel…

…might indeed prove to be from an incoming train and not – as I summised the previous months (while I thought in the summer 2022 that we were nearing a recession in 2023, a silver-lining already occured in October (here) which got even brighter in November (here) and December 2022 (here)) – and not the silver lining of a „promising start“ I made out in January (here). But hey, let’s take a closer look on how the German economy fared in February 2023 to find out more:

„The German economy in February 2023 – the light at the end of the tunnel…“ weiterlesen

The German economy in January 2023 – of(f) to a promising start?

It is quite interesting how fast situations and perceptions can change: While I thought in the summer 2022 that we were nearing a recession in 2023, a silver-lining already occured in October (here) which got even brighter in November (here) and December 2022 (here). Hence, the question now is, will we be able to avoid a recession alltogether? In order to assess the situation, let’s take a closer look on how the German economy fared in January 2023:

„The German economy in January 2023 – of(f) to a promising start?“ weiterlesen

Deutschland 2023 – die trübe Glaskugel?

Deutschland hat seine Sicherheit an die USA ausgelagert,
seinen Energiebedarf an Russland und
sein exportbedingtes Wirtschaftswachstum an China.“

Constanze Stelzenmüller, hier

Mehr noch als in den – teils coronageschwängerten – Vorjahren gerät der Blick in die Gaskugel bezüglich der wirtschaftlichen Entwicklung Deutschlands in 2023 zum angestrengten Stochern im Nebel. Zu viele Faktoren können die Entwicklung in die eine oder andere Richtung treiben. Aber selbst wenn 2023 positiver verläuft als gedacht – moderates Wirtschaftswachstum bei nachlassender Inflation – so stehen die Zeichen für die Jahre danach nicht positiv. Wie der nachfolgende Post zeigen wird, hat sich Deutschland in etwas über zwanzig Jahren – zumindest, was politische Zielsetzung und wirtschaftliche Resilienz angeht – lediglich einmal im Kreis gedreht – ohne die damaligen Probleme nachhaltig zu lösen.

„Deutschland 2023 – die trübe Glaskugel?“ weiterlesen

The German economy in December 2022 – not so bad after all!?!

The war in Ukraine was still raging, but even in Germany Corona became old news as 2022 drew to a close. Hence, the hope which came up in October already as to the fate of the German economy (here) stabilised in November (here) and got even better at the end of one of the most disturbing years I personally encountered in my not so short life-span. But, hey, let’s take a closer look on how the German economy fared in December 2022:

„The German economy in December 2022 – not so bad after all!?!“ weiterlesen

The German economy in November 2022 – have we really seen the bottom?

The war in Ukraine is still ongoin though there wasn’t too much actual movement throughout the month – probably due to Rasputitsa(for regular updates, cf. here, in German). The hope which came up last month as to the fate of the German economy (here) seems to somewhat stabilise now albeit on a low level. So, hey, let’s take a closer look on how the German economy fared in November 2022:

„The German economy in November 2022 – have we really seen the bottom?“ weiterlesen