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English version of ˮDürreschäden und Inflationˮ

August 10, 2018
Region:
The extraordinarily hot and dry summer weather will cause severe crop shortfalls in Germany, according to experts' estimates. Due to the adverse weather conditions, the crop outlook for European neighbouring countries, as well as other large food producers such as the USA or Australia, is quite poor, too. Over the past weeks, wheat prices for delivery in December 2018 were up by just under 20%. [more]

More documents about "Germany"

341 Documents
October 14, 2021
Region:
1
During the coming years, Germany’s potential growth rate will come under increasing pressure from demographic developments, it looks set to slow to just below ¾%. Shrinking potential growth will dampen cyclical resilience and tend to reduce debt sustainability. The new government should focus even more on potential growth. After all, it would be the great binding theme between the efficient and at the same time climate-friendly economy, demographics and the megatrend of digitalization. In the short term, rising energy expenses and the regulatory shortening of the useful life of machinery and equipment have a similar effect to a negative supply shock. If efforts to seize the opportunity for new investment and the installation of adequate replacements fail, the production-relevant capital stock would shrink, thus reducing potential growth. [more]
October 8, 2021
Region:
2
Never since reunification have industrial companies in Germany complained as much about material bottlenecks as they do at present. In addition to physical shortages of intermediate products, rising prices are also currently problematic for companies. This is reflected in producer prices. In August 2021, they were around 12% higher than a year earlier – the biggest increase since December 1974. The latest development is not a German phenomenon. In many countries around the world, the current economic recovery is being dampened by supply bottlenecks and higher prices. Supply bottlenecks and rising prices for intermediate goods are hampering the economic recovery in the manufacturing sector. Here, new orders in August 2021 exceeded the production level by close to 22%. Overall, we expect supply chain disruptions to keep us busy into 2022, although the low point in the supply crisis may be behind us. [more]
September 15, 2021
Region:
3
In terms of housing policy concepts in Germany, there are only minor overlaps between the plans of left-wing and right-wing parties. The CDU/CSU, the FDP, and the AfD continue to support supply-oriented housing policies. The SPD, the Greens, and the Left prefer demand-oriented approaches. The CDU and the FDP promise to reduce price and rent pressure by providing additional supply and to offer incentives for renovation and retrofitting. People who are living in a rented home and do not want to move will probably find the plans of the SPD, the Left or the Greens attractive. Private households might see the ancillary costs of buying a home decline after the elections, as opposed to large-scale investors. Overall, none of the parties has prepared a comprehensive concept. And none of them has paid attention to what their demands may mean in terms of necessary labour, funds, space, etc. [more]
September 8, 2021
Region:
Analyst:
4
Due to the continuing shortage of semiconductors, 2021 will be another weak year for Germany as an automotive location. Although the current economic and supply crisis may have reached its low point, a return to earlier highs is unlikely – even in the medium term. By contrast, German auto manufacturers are reporting positive results and gaining share in important markets. The discrepancy between Germany as an automotive location and the German auto industry is becoming apparent. [more]
September 8, 2021
Region:
5
The consequences of the COVID-19 pandemic, ambitious climate policies, persistently negative interest rates, and large-scale security purchases by the ECB are increasingly raising the issue of a fair distribution. Policymakers tend to focus on the symptoms in order to appease their voters – and in doing so, they often neglect the root causes. [more]
September 6, 2021
Region:
6
With less than three weeks to go until the German federal election, we put together a succinct presentation to address the following questions:

#1: Is the SPD boom yet another spike in voter preferences – that is going to mean-revert?
#2: How do policy platforms compare and where are the parties’ red lines?
#3: Which coalition option is most likely to materialize?
#4: Is a leftish red-red-green coalition a possibility at all?
#5: Are there any procedural stumbling blocks? How long might the Merkel government act as a caretaker government?
#6: What could fiscal, climate, distribution, and housing policies look like in a new three-way coalition?
#7: What is the likely impact on Germany’s potential growth?

In addition to summarizing our election outlook, we include snapshots of recently published research on how key policy areas like climate, energy, EU, distribution, and fiscal policy might be shaped by the next government. [more]
September 3, 2021
Region:
Analyst:
7
The goal is clear: In the future, Germany’s energy needs are to be met to the largest possible extent by electricity from renewable sources. This will entail high initial expenses for companies and households, as existing infrastructure will have to be retrofitted or replaced. At the same time, companies and households have seen electricity prices rise more strongly than petrol, diesel, natural gas or heating oil prices over the last few years. This suggests that policymakers should reduce the state components of electricity prices as quickly as possible. This would have favourable social-policy effects and strengthen Germany’s position as an industrial hub, particularly since it has already suffered considerably from electricity-price-related burdens. [more]
August 26, 2021
Region:
8
Polls are in flux. The SPD – pulled up by popular frontrunner FM Scholz – has exploited the conservatives’ ongoing weakness and turned a seemingly hopeless endeavour into a neck-and-neck race. In parallel, the Greens are stumbling. In the midst of this volatile political atmosphere, postal voting has started. As most postal voters intend to cast their vote quickly, there is little time left for the faltering conservatives and Greens to regain voters’ support. [more]
August 23, 2021
Region:
9
While the Conservatives’ position in the polls seems to be in free fall for now, the FDP has regained standing with the voters just in time for the federal election in September. According to current polls, only three-way party coalitions have a majority, hence, the Liberals could end up as the new kingmakers, clearly favouring a coalition with the Conservatives and the Greens (Jamaica) over a traffic-light coalition with the SPD and the Greens. But there are still five weeks to go and the election race is as open as ever. [more]
August 19, 2021
Region:
10
For the German federal elections in September, about 60m voters are called to cast their ballot. Despite more than half of voters being 50 years and above, it would still be too far-fetched to say that Germany has become a so-called gerontocracy, where the interests of the older dominate the political process. Moreover, the pandemic could curb participation among all age groups. [more]
August 10, 2021
Region:
Analyst:
11
Demand for electric vehicles has recently surged. Two key drivers are behind this gain in market share: Tight caps on vehicle CO2 emissions combined with the classification of electric cars as zero-emission vehicles and subsidies to buyers of electric cars. The transition to e-mobility helps to protect the climate. The contribution to climate protection will rise over time due to technological progress and scale effects in production. However, it is small and expensive for now. For every one million electric cars sold in Germany in the next few years, the total fiscal effect amounts to at least EUR 15 bn over the twelve years after the sale. Carbon abatement costs may amount to more than EUR 1,000 per ton. The current regulatory regime is obviously neither efficient from an economic vantage point nor effective in environmental protection terms. [more]
July 30, 2021
Region:
12
Net migration towards Germany was much lower in 2020 than pre-COVID. The migration flows from outside of the EU were particularly hampered whereas migration within the EU fell by 'only' 5% compared to 2019. As a consequence, the new demand for housing was much lower than in previous years which helped to reduce the housing shortage. By contrast, the lack of qualified and non-qualified workers in the labour market has become more severe through the pandemic. [more]
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