The trade dispute between the United States and China has escalated over the past two years. However, as a study in the Bundesbank’s latest Monthly Report shows, neither US firms nor US consumers have benefited from the realignment of the country’s trade policy thus far.

The year 2020 saw German economic output contract by 5.0%, with the drop in gross domestic product in a year overshadowed by COVID-19 bringing to an end a ten-year run of growth. This compares with a 0.6% rate of expansion in 2019.

A list of publications which are based on direct investment micro data (MiDi).

Here you will find general information on the balance of payments as well as the international standards on which the concept and methodology of the German balance of payments are based.

Bundesbank President Jens Weidmann warned that a full-blown trade war between the US and the EU could cost both sides dearly. "The adverse effects might be considerable larger than in case of the trade spat with China“, he said in a speech in New York.

The German current account recorded a surplus of €22.6 billion in February 2023, up €5.6 billion on the previous month’s level.