Quarterly Report Germany

The German economy registered the strongest slump in
the second quarter of 2020 since the beginning of quarterly accounts in 1970. Gross domestic product dropped by 9.7 percent compared to the previous quarter following price,
calendar and seasonal adjustment. Industrial production even up 19.2 percent. It will take until 2022 to return to
pre-crisis levels.

News

Brexit

Government losing credibility on a huge scale

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There is no getting around the fact that the United Kingdom must fulfil its obligations under the Withdrawal Agreement says BDI Director General Joachim Lang with reference to the parliamentary introduction of the British Internal Market Bill.

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Brexit

Collapse in the negotiations on a partnership agreement is now all but inevitable

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Business on both sides of the Channel must now prepare itself for bilateral trade without an agreement under WTO rules, says BDI Director General Joachim Lang after the sixth round of Brexit talks.

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Germany

More Realism in Policy

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On the occasion of the Day of German Industry 2020 (TDI), BDI and its Vice-Presidents address its appeal “More Realim in Policy” to political decision-makers in Europe, the federal government, the federal states and parliaments.

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Brexit

Failure of the brexit negotiations must not become a reality

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With respect to the resumption of the Brexit negotiations, BDI Director General Joachim Lang says: "Resumption of the talks is a long-expected signal".

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Brexit

The political fog in London is clearing

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BDI Director General Joachim Lang comments in response to the election results in the UK. Our companies must now expect to leave by 31 January.  

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Brexit

Threats from London are harmful and will come back like a boomerang

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Reacting to the decision of the British Conservative Party to appoint Boris Johnson as party leader, BDI Director General Joachim Lang says that the economy urgently needs a UK government that makes feasible decisions.

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Insightful discussion about geoeconomics: "The road to European sovereignty is difficult and paved with obstacles", argues @ischinger. Prompt reply by @WeyandSabine, Director-General @Trade_EU: " The EU can play a bigger role if we get our act together" #APKdigital  #ForeignPolicy

Maciej Witucki, President of #KonfederacjaLewiatan at #TDI20: "Should be obvious that governments and business are looking for a common way out of the crisis. Together we should agree on #recovery plans." @LewiatanTweets  #Europe  #ForwardToTheNew

Ambassador @mmasekgoam calls for bridge-building between #Africa and #Europe: "There has to be a genuine interest in finding win-win-situations." #AfricaEU

Network for free trade – Why the BDI is needed in Brussels

Germany’s prosperity and high living standards are based on a world of free trade. But freedom and competitiveness are not a natural given. They need a strong voice to call for them.

Events

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Library

Global Growth Outlook 02/2020

The BDI again expects weak global economic growth of a mere three percent this year. Global trade remains weak, we anticipate an increase of only 1.5 percent. Foreign trade will not be contributing to German economic growth. The increase in GDP will again this year be curbed by foreign trade. Only domestic demand generated by construction activity and private consumption will keep growth above zero.