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German balance of payments in May 2024
Germany’s current account recorded a surplus of €18.5 billion in May 2024, down €6.6 billion on the previous month’s level. The goods account surplus increased slightly, but the deficit in invisible current transactions widened to a far greater extent.
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Germany’s international investment position at the end of 2023
At the end of 2023, Germany’s net external assets totalled €2,964 billion, thus amounting to just over 70% of Germany’s nominal gross domestic product (GDP). Overall, both assets and liabilities vis-à-vis non-residents rose further in 2023.
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Current monetary policy topics Speech at the Commerzbank AG event “Geldpolitik in Zeiten der Inflation”
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Stability and prosperity in Europe Speech at the Munich European Conference: Security and Prosperity in Europe, Giesecke+Devrient
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