Carsten Brzeski
Host at Carsten's Corner
Chief Economist ING Germany. Global Head Macro Research ING. CES Harvard. Mainly comments on the German and European economy. All views are, no doubt, my own.
Articles
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6 days ago |
think.ing.com | Carsten Brzeski
Markets have calmed after Trump's tariff storm, but don't be mistaken; we are far from being back to normal. ING's Carsten Brzeski says there's a sense that the world is caught like a deer in the headlights, not sure what to do and terrified of what might be about to hit it. Content Disclaimer This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives.
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1 week ago |
think.ing.com | Carsten Brzeski
Prepare for more economic shocksAfter the tariff blast in April, followed by market turmoil and even doubts about the Fed's independence, the start of May has looked like the famous calm after the storm. Some might be tempted to think that the challenges to the global economy have mostly evaporated. I have my doubts. Let’s not forget that despite the back-and-forth on tariffs, the level of actually imposed tariffs is still significantly higher than at the start of the year.
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1 week ago |
think.ing.com | Carsten Brzeski
German industry continued its erratic performance in March, ahead of expected trade escalations. Industrial production increased by 3% month-on-month, from -1.3% in February, bringing a positive end to the first quarter. On the year, industrial production was still down by 0.2%. At the same time, the frontloading of exports continued, anticipating a further escalation of trade tensions, with an increase of 1.1% MoM, from 1.9% MoM in February.
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1 week ago |
think.ing.com | Carsten Brzeski
It was supposed to be the start of a new beginning, but it turned out to be a day of big frustration. The designated next German chancellor, Friedrich Merz, just lost the vote in parliament, coming short by six votes, and will not become the next chancellor today. The incoming German government has a majority of 12 seats in the new parliament, and few really doubted that Merz would get the necessary votes today.
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1 week ago |
think.ing.com | Carsten Brzeski
After another historic day for German politics, Friedrich Merz will become the next German chancellor, and the designated government coalition of CDU/CSU and SPD can finally begin. Merz received 325 votes – nine votes more than needed, but also three votes less than the total number of seats of the CDU/CSU and SPD.
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18 Uhr Nachrichten: CDU spricht von Einsparungen bei Sozialausgaben, Hotel- und Gaststättengewerbe davon, dass MwSt Senkung nicht notwendigerweise an Verbraucher weitergeben wird. Selten war das Haltbarkeitsdatum eines Koalitionsvertrages so kurz.
ING THINK: ECB shows increased sense of urgency to cut rates further https://t.co/aGTWvAUQtP
And the #ECB finally becomes agile. This is so much 2010s….
