Germany

• [New] The total market for all digital assets, including crypto-securities, in Germany is expected to increase to almost EUR 400 billion between 2021 and 2024, which means it will be more than tripled.
• [New] China is wagering that because many of the United States' most valued allies and partners-Japan, South Korea, Germany, and the European Union as a whole - have China as their number one trading partner, they will be reluctant to join any common cause against Beijing.
• [New] Germany alone has been planning to build 6,400 km of supergrid, as part of EU100 billion European investment, but cost and impact on the landscape will be big issues, and are likely to slow construction down.
• [New] France will continue its diplomatic efforts, in close liaison with Germany within the Normandy Format, to achieve the full implementation of the Minsk agreements.
• [New] The EU as a whole has only a 32% RE target in total energy by 2030, Germany has only a 65% target in the electric power sector.
• [New] Pontikis expects online food ordering will not drop significnatly in major markets such as UK, Germany and the Netherlands.
• [New] In the run up to COP26, many richer economies - such as the UK, China, Germany and South Korea, are rushing to announce their carbon neutrality targets by 2050 or 2060.
• [New] The pandemic, which has so far claimed more than 77,000 lives in Germany, has devastated Europe's largest economy, even though it has proven more resilient than many expected, partly because of continuing strong export demand from China.
• [New] Increasing demand for electronic appliances such as laptops and cellular phones particularly in U.K., Germany, and France is expected to drive demand from consumables and electronics applications.
• [New] Last year, a projection from Blomberg Economics saw Indonesia overtaking Germany as the fifth largest economy in 2045, just below China, the United States, and India.
• [New] The ETH Zurich spinoff will continue its European market expansion, building upon its first banking customers in Germany, France, and Austria.
• [New] The IMF forecasts published on today predicted growth of 4.4% for the euro zone in 2021 and 3.6% for Germany, while France was expected to show a 5.8% expansion.
• [New] Diplomats from Russia, China, France, Britain and Germany will join their Iranian counterparts for consultations that aim to pave the way for Washington's return to the Joint Comprehensive Plan of Action.
• [New] Tesla is the biggest EV maker, selling about a half million cars last year, and plans to assemble Model Ys and batteries in Germany to juice its European expansion.
• [New] Central and Eastern European economies that are integrated into Germany's supply chains, such as Poland, will continue to benefit from strong demand for Germany's exports, especially from China.
• [New] As long as the US, UK, France and Germany remain in breach of their JCPOA obligations, Iran will continue rolling back its commitments as permitted by Articles 26 and 36.
• [New] Although European oil consumption is weak as France, Germany and Italy extend or impose new lockdowns due to rising Covid-19 cases, fuel use is growing fast in America, where the vaccination campaign is progressing better than expected.
• In order to achieve the goals defined by 2050, the EU and the German government have drawn up a framework for action and are making long-term investments in research, development and the rapid implementation of innovative hydrogen technologies.
• The United States, Canada, China, Germany, The United Kingdom, Japan, France, and a few others are lucrative markets for serological transplant diagnostics, and are expected to dominate throughout the forecast period.
• The German government last week removed Germany's favorite holiday island from the list of risk areas and lifted the travel warning due to a sharp drop in the number of infections.
• The European economy is expected to grow 4.3% in 2021 according to economic consensus, with a slower delivery of vaccines than in the United States, in particular in Germany.

Last updated: 13 April 2021