Market news
13.12.2024, 10:16

Bundesbank: German economy to shrink 0.2% this year, grow 0.2% in 2025

The German central bank, Bundesbank, predicted in its monthly report published on Friday that the economy is set to expand only modestly next year after a decline of 0.2% in Gross Domestic Product (GDP) this year.

Additional takeaways

The German central bank, Bundesbank, predicted in its monthly report published on Friday that the economy is set to grow only modestly next year after a decline of 0.2% in Gross Domestic Product (GDP) this year.

Additional takeaways

German economy to shrink by 0.2% this year, grow by 0.2% in 2025 and 0.8% in 2026.

German economy to stagnate in the winter half-year, to make a slow recovery over the course of 2025.

Trump tariffs could lower German economic growth by 1.3% to 1.4% through to 2027.

The German economy is not only battling economic headwinds but also structural problems.

The labor market was now also reacting "noticeably" to persistent economic weakness.

Euro PRICE Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   -0.21% 0.25% 0.52% -0.01% -0.08% 0.00% 0.22%
EUR 0.21%   0.46% 0.76% 0.19% 0.13% 0.22% 0.44%
GBP -0.25% -0.46%   0.29% -0.27% -0.34% -0.24% -0.03%
JPY -0.52% -0.76% -0.29%   -0.53% -0.61% -0.53% -0.31%
CAD 0.01% -0.19% 0.27% 0.53%   -0.08% 0.02% 0.23%
AUD 0.08% -0.13% 0.34% 0.61% 0.08%   0.09% 0.30%
NZD -0.01% -0.22% 0.24% 0.53% -0.02% -0.09%   0.21%
CHF -0.22% -0.44% 0.03% 0.31% -0.23% -0.30% -0.21%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

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