From the most recent monthly report
Headlines (via Reuters):
- Germany's economic data points to continuation of economic upswing
- German current account surplus is mainly result of competitiveness of German economy
- German government has no influence over current account
- German current account surplus will shrink in coming years given dynamic domestic demand, eventual normalisation of ECB monetary policy
- Demographic developments should also contribute to shrinking of German current account over mid-term
Many of the comments in the report, as you can see from the distillation into headlines, is to combat the accusations from the politicians of 'unfair' practices (eg. a weak euro).
(Here is a link to the Reuters summary for more ... Germany says its current account surplus will shrink in coming years ... at The Times of India! )
