KKB 91: In a situation with already elevated inflation, the war in Ukraine and the zero-covid policy in China have led to additional upward pressures on prices and reinforced the global supply chain problems

KKB 92: Die deutsche Wirtschaft steuert weiter durch unruhiges Fahrwasser. Zwar setzt sich der Aufholprozess in den kontaktintensiven Dienstleistungsbranchen in hohem Tempo fort, und die Unternehmen im Verarbeitenden Gewerbe sitzen auf prall...

The German economy is steering through difficult waters and faces the highest inflation rates in decades. In their spring report, the leading German economic research institutes revise their outlook for this year significantly downward.

KKB 87: The war in Ukraine is weighing on the global economy at a time when inflation has already risen sharply and the US Federal Reserve has embarked on a tightening cycle

KKB 88: Economic output in the euro area has recently returned to its pre-pandemic level. The surge in infections since early 2022 had only little overall effect on mobility...

KKB 89: The German economy is once again facing strong headwinds. The war in Ukraine is leading to rising commodity prices, new supply bottlenecks and dwindling sales opportunities.

KKB 85: Following an encouraging first half of the year, the recovery of the global economy has lost momentum. Across the globe, resurging Covid-19 infections weighed on economic activity.

The recovery of the German economy is interrupted once again. In the winter, the new Covid-19 wave will particularly hit activity in contact-intensive service sectors as in previous waves.

The Corona pandemic still shapes the economic situation in Germany. A complete normalisation of contact-intensive activities is not to be ex­pected in the short term.

KKB 82: The euro area economy is rapidly approaching its pre-crisis production level. After a strong increase in the second quarter, economic output remains 2.5 percent below the pre-crisis level of production.