ZEW sentiment indicator: German economic optimism tanks
Sentiment last dipped so dramatically two years ago
Germany
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Balderton Capital joins surge of tech investment into Europe
Early Stage Fund IX and Growth Fund II will back tech firms across the continent
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Destatis: Inflation picks up across Germany
The number of unemployed people across the country also rose by 82,100 in July
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German fund industry’s AUM up 9% over 12 months – BVI
Assets stand just short of the record €4,311bn seen at the end of 2021
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AI investment in Europe further boosted by €1bn Italian investment
But could a maturing eastern European start-up ecosystem prove a competitor?
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Microsoft and Google parent begin heavy AI investment in Europe
Tech giants Microsoft and Alphabet have announced heavy investments into the AI landscapes of France and Germany this week. Microsoft is reportedly set to invest €3.2bn in building up its AI infrastructure and cloud capacity in Germany by the end of the next year. The investment is expected to cover the training of some 1.2m…
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Germany’s current economic course unsustainable, says finance minister
The German government has predicted the country will see just 0.2% growth in 2024 – a development the finance minister has described as “dramatically bad”. Speaking in Leipzig, finance minister Robert Habeck – tipped by many as Germany’s next Chancellor – warned the nation could not continue as it had, indicating drastic action may be…
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Economic outlook gloomy but Germany still attractive for FDI
German businesses are “significantly” reducing their investment plans, according to the latest economic survey from the country’s ifo Institute. The Munich-based organisation said the investment climate within Germany had “deteriorated noticeably” as a result of higher financing costs, weak demand and uncertainty around economic policy. Companies that specialise in trade, it said, were the most…
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Germany struggling after boom years
The cost-of-living crisis is biting in Germany, with reports this week of surging food inflation and a collapsing fibreoptic sector. The German financial newspaper Handelsblatt ran the two reports, stating in one that food inflation within the country had reached 97% for some items. App company smhaggle had compared prices for the paper, concluding that…
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German economy expected to perform worse than predicted – IWH
The Halle Institute for Economic Research (IWH) has predicted Germany’s GDP will fall by 0.6 percentage points over 2023, a sharp revision to previous predictions. One of the most-prominent economic organisations on the continent, the IWH has called its new forecast a “strong downward revision” of 0.9 percentage points. It cited a slower recovery in…
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Is Germany now the ‘sick man of Europe’?
The economies of Europe have proved a drag on worldwide economic growth, according to new work from the OECD. The organisation’s Interim Report September 2023: Confronting Inflation and Low Growth found global GDP advanced at an annualised pace of 3.2% in the first half of the year. While growth was strong in the US and…
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How solid are the German property market’s foundations?
Three major property developers in Germany have gone into insolvency in the space of two months. According to reports from Berlin, Centrum Group, Development Partner and Euroboden have all begun to declare bankruptcy in recent weeks due to financial problems caused by a constraint on the nation’s property markets. A report from Reuters suggested Euroboden…