Elga Bartsch

Großen Dank an den SVR für die fundierten Analysen, die vielen Empfehlungen & die spannende Diskussion! Die Teilnahme von rd 120 KuK aus dem allen Ressorts zeigt, wie wichtig die Themen sind. Wir werden wie gewohnt im Jahreswirtschaftsbericht zum Gutachten des SVR Stellung nehmen

Bundesregierung unterstützt Ausbau Offshore-Standort Cuxhaven mit Mitteln der GRW: Gemeinsam mit dem nds. WiMin @Olaflies habe ich heute für das @BMWK den Förderbescheid über 27 Mio. Euro an Siemens Gamesa für strategisch bedeutsame Investitionen am Standortes Cuxhaven übergeben.

Wir freuen uns auf die Zusammenarbeit und den Austausch mit @simon_jaeger ! #BostonBerlin bmwk.de/Redaktion/DE/Meldung…

(1/4) Heute hat der @SVR_Wirtschaft sein #Jahresgutachten „Wachstumsschwäche überwinden – in die Zukunft investieren“ der #Bundesregierung übergeben. Wir danken dem @SVR_Wirtschaft, dass er gleich heute sein Gutachten in den Räumen des @BMWK vorgestellt hat.

Heute Ausflug der Abteilung Wirtschaftspolitik des @BMWK in die vom Strukturwandel geprägte Lausitz mit Besuch des Tagebau Welzow der LEAG, des Lausitz Science Parks und der Stadt Cottbus. Wir nehmen viele interessante Eindrücke aus der Region mit.

Rising energy prices are contributing 4 percentage points more to euro area #inflation than in the five years before Covid. Food prices started to become a bigger driver now, too. We look at what that means for global growth in this week’s commentary ⬇️ bit.ly/3rmPvdQ

A surge in European energy prices means the region is now spending almost a tenth of its GDP on energy, the highest share since 1981. We see Europe as the most exposed to the energy shock and at risk of stagflation. See our weekly commentary. bit.ly/35HD98h

The West’s decision to reduce its imports of Russian energy will hurt growth and increase inflation, we think. By how much? That depends how quickly the reduction happens. Our new research considers three scenarios. Read more ⬇️ bit.ly/36Pr7dO

The West’s drive for energy security is likely to slow growth, increase inflation and stoke demand for non-Russian fossil fuels to alleviate consumer pain. What are the investment implications? ⬇️ bit.ly/3JeepCe

Rising #inflation has kept real, or inflation-adjusted, yields near record lows, even as nominal yields sprinted upwards. We expect more pain ahead for bonds and view them as less effective portfolio diversifiers – so we stay underweight. Read more ⬇️ bit.ly/3uEdJ40

🔔 Out now: our updated Global Outlook! 🔔 Much has changed since our 2022 Outlook – a war, an energy shock and the Fed’s monetary policy pivot. What does it mean for our investment views? Have a read ⬇️ bit.ly/3DmauCb

The Fed is talking tough on inflation by projecting a large and rapid increase in rates, but we think it may have less bite in the end. The reason: it will come only at a high cost to growth and jobs. Read more in our #market commentary. bit.ly/3Dac49W

Last week’s rate hike and further rises this year were expected, but what surprised was that the Fed signaled that it would get the fed funds rate to 2.8% by the end of 2023. That’s a level that would hurt growth and damage employment, in our view. See ⬇️ bit.ly/37JJgJQ

Natural gas prices recently surged past 2021 peaks. This time, high energy prices are likely to be the cause of lower growth, rather than the result of strong growth like last year. Our weekly commentary looks at the potential central bank response. bit.ly/3KKylxS

Do bonds still offer investors the same protection during equity selloffs? Our analysis finds that they offer less diversification when supply constraints dominate – as they do now & likely will in the future. We consider some alternative diversifiers ⬇️ bit.ly/3hMMUVh

Government bonds have historically been an important diversifier to help protect against equity losses – but this role is being increasingly challenged by supply-driven #inflation and central banks’ muted response to it. Our weekly commentary explains. bit.ly/3vLqk7t