Fiscal Balance in Germany

Germany Fiscal Balance | Economic News & Forecasts

Germany - Fiscal Balance

A second reading confirmed that GDP grew at a weaker sequential rate in Q3, largely due to sliding capital spending and a waning external sector, although upbeat household consumption sustained overall growth. Turning to Q4, early data points to a strong start to the period, although activity has since been disrupted by a marked deterioration in the health crisis. Following a robust expansion in industrial output and rebounding retail sales in October, surging Covid-19 cases have taken a toll on both consumer and business confidence on average in Q4. Moreover, the new wave has dealt a blow to the tertiary sector, with the services PMI pointing to deteriorating operating conditions in December—the first time in eight months—while manufacturing activity seemingly held its ground. In politics, the SPD’s Olaf Scholz was appointed as chancellor on 8 December, at the helm of the SPD-FDP-Greens coalition.

Germany - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)0.9  1.2  1.2  1.9  1.4  

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Germany Facts

Value Change Date
Bond Yield-0.190.41 %Jan 01
Exchange Rate1.120.65 %Dec 31

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