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German balance of payments in June 2025
Germany’s current account posted a surplus of €18.6 billion in June 2025, up €11.1 billion on the previous month’s level. This was mainly attributable to the swing to a surplus in invisible current transactions, which comprise services as well as primary and secondary income. Moreover, the surplus in the goods account increased somewhat.
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Methodology and notification tables Maastricht deficit and debt level
Explanatory notes
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Navigating Global Challenges: What’s in it for Europe? ICMA Annual General Meeting & Conference
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The CIC welcomes the University’s international outlook and values our close collaboration
The Centre for International Central Bank dialogue welcomes the University’s international outlook and values our close collaboration.
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Adapting to a changing world: monetary policy, structural reforms and digitalisation Keynote speech at the Frankfurt School & OMFIF seminar “The European and international monetary and financial landscape”
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Risikomanagement in Zeiten wachsender Unsicherheit Rede beim NPL Forum 2025
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What’s behind the sustained decline in German export market shares?
14.07.2025 DE
German export market shares have been contracting since 2017, and especially since 2021. According to the latest Monthly Report, this is largely due to a deterioration in the competitiveness of the German economy. More than three-quarters of the losses in market shares between 2021 and 2023 were the result of supply-side constraints. In this issue, the authors look at what is behind the decline in German export market shares and derive possible structural reforms.
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German balance of payments in May 2025
Germany’s current account recorded a surplus of €9.6 billion in May 2025, virtually half the level seen in the preceding month. This was mainly attributable to the swing to a deficit in invisible current transactions, which comprise services as well as primary and secondary income. There was also a somewhat smaller surplus in goods trading.