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European monetary policy challenges in the new geopolitical environment Dinner speech at the Euro50 Group meeting
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The Bundesbank’s forecast for Germany: Economic recovery slowly getting started US tariffs initially weigh on economic growth; fiscal policy provides impetus from 2026
The recovery of the German economy is being delayed by uncertainty surrounding international trade policy. Only gradually will economic activity be boosted by fiscal measures. The German economy will continue to tread water in the current year.
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Resilienz in Deutschland und Europa: Eine Forschungs-, IT-, Statistik- und Risikocontrolling-Perspektive Keynote bei der Veranstaltung „Resilienz – ein Panel der Deutschen Bundesbank zur Anpassungsfähigkeit in Deutschland“
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MiDi-based research publications
A list of publications which are based on direct investment micro data (MiDi).
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Recent publications
Selected papers by Bundesbank researchers accepted for publication or recently published.
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German balance of payments in October 2025
Germany’s current account recorded a surplus of €14.8 billion in October 2025, down €1.0 billion on the previous month’s level.
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Geoeconomic fragmentation: handling inflation pressures and volatility, increasing resilience Speech at Tokyo University