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German Economy Braces for Prolonged Stagnation Despite Fiscal Stimulus
The Ifo index increased in October on the back of improving expectations, while the current assessment worsened once again
Infrastructure investment
Articles related to Infrastructure investment
Germany’s Ifo Slump: Optimism Fades as Fiscal Stimulus Meets Political Gridlock
Even without ground control calling, German optimism has been brought down by a mix of US tariffs, a stronger euro and the political inability to combine fiscal stimulus with growth-enhancing reforms
Germany’s Ifo Index Rises, but Fiscal Stimulus Remains the Key to Recovery
The ongoing improvement in business sentiment reflects the strong belief in the healing nature of fiscal stimulus
EU Construction Sector 2025: Stagnation Persists Despite Pockets of Optimism
Although Europe faces significant housing shortages, residential construction is unlikely to rise this year. Permits for new homes are increasing, but growth remains slow. The infrastructure sector continues to grow, but significant gains from the new NATO agreement are unlikely
European Equities Gain Momentum Amid Shifting Global Market Dynamics
During the course of 4Q24, European 12M forward earnings estimates started to improve, while they softened slightly in the US after increasing by 13% in 2024, as Chart 2 shows. This was largely driven by expectations of gradually increasing growth in Europe, while growth rates in the US are expected to slow slightly.
China’s High-Tech Manufacturing: A New Growth Engine Amid Structural Headwinds
EM FX: Positive Growth Impulse in Europe Counters Tariff Hit to Asia
Positive growth impulse in Europe counters tariff hit to Asia The pick-up in risk aversion at the start of this week amongst market participants has triggered a correction lower for emerging market currencies. The CLP (-1.7% vs. USD), COP (-1.2%), BRL (-1.1%), IDR (-0.9%) and THB (-0.7%) have weakened the most since the end of last week while the Central European currencies of the CZK (+0.3% vs. USD) and HUF (+0.1%) have continued to outperform.
EUR/JPY: Rising Global Yields Weigh on the US Dollar Amid BoJ and German Policy Shifts
The sharp move higher in yields outside of US has been an important driver of US dollar weakness at the start of this year. The 10-year JGB yield hit a fresh year to date high overnight of 1.58% and has now risen by around 40 basis points year to date.
Germany’s Fiscal Revolution: Shadow Budget and Debt Brake Reform Reshape Economic Landscape
Mr. Merz’s whatever-it-takes move lifts Germany’s growth outlook, shows strong determination for the European cause and sends a strong signal to the US and Russia.
Korea's June Trade Balance Turns Positive on Strong Transportation Exports and Falling Commodity Prices
Construction Activity in Poland Contracts in May: Focus on Building Decline and Infrastructure Investment
