Germany’s International Fiscal Standing Keeps Worsening
Germany’s trade surplus shrank for the fifth year in a row in 2021 to €6.8 billion in December from €15.1 billion in the same period last year and €10.9 billion in November, as a global supply crunch hampered exports, including in its key auto sector.
Germany’s trade surplus shrank for the fifth year in a row in 2021 to €6.8 billion in December from €15.1 billion in the same period last year and €10.9 billion in November, as a global supply crunch hampered exports, including in its key auto sector. The trade balance of Europe’s biggest economy showed a surplus of €173.3 billion ($197.9 billion) last year, down from €180.4 billion in 2020, the federal statistics office Destatis said in a statement.
While the industrial nation’s exports of nearly €1.4 trillion in 2021 exceeded imports of €1.2 trillion, as imports grew faster — by 17% — than exports which rose by 14%, Destatis calculated.
The narrowing of the trade surplus was down to a stronger increase in imports in December, up 4.7% to €110 billion than the growth in exports, which rose only 0.9% over the period to €117 billion. Moreover, the country’s current account surplus narrowed to €23.9 billion from €26.2 billion.
El Salvador To Grant Citizenship to Foreign Investors Including Bitcoin Injectors
El Salvador President Nayib Bukele on Sunday said he will send Congress a proposal to grant citizenship to foreigners who invest in the Central American country as well as other initiatives to reduce government hurdles in order to attract investment projects.
Is Boeing Finally Out of Woods?
Last month, it launched the new 777-8 Freighter and expanded its 777X and freighter families of jetliners with an order for up to 50 aircraft from Qatar Airways.
U.S. Inflation Tends to Be More Urban than Rural
Consumer prices in the U.S. accelerated last year predominantly in large U.S. metropolitan areas seeing an influx of new residents than in the nation overall, while inflation was milder in large coastal cities with less population growth.
