Economy News

Lufthansa has repaid all Covid-19 state aid

Lufthansa, the first European airline, said Friday it closed the advance repayment of state aid distributed in 2020 by the German government. The loan’s objective was to avoid the airline’s bankruptcy amid the Covid-19 pandemic. Ahead of the outbreak of the Covid-19 pandemic, Lufthansa has closed the repayment of public assistance in 2020 on account […]
Economy News

U.S. retail sales rebounded in September

According to Commerce Department figures released Friday, retail sales in the United States rose in September due to price increases. A new report from the U.S. Department of Commerce shows that the U.S. retail sales market rebounded in September after falling 3.3 percent in the previous month, according to a report released Friday. According to […]
Economy News

Germany growth is being hampered by shortages

Growth forecasts predict material shortages will significantly dampen Germany economic recovery, which is heavily reliant on its export industry. Leading economic institutes (DIW, IFO, IFW, IWH and RWI) now forecast an increase of 2.4% in GDP in 2021. Latest estimate was for growth of 3.7% this year, after a historic decline of 4.9% in 2020. […]