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Five years after Deutsche Bank and Commerzbank aborted an attempt to merge, an uncertain outlook for bank profitability and Germany's need to plug a hole in its budget are rekindling speculation about...
By Jesús Aguado
German construction spending is set to fall in 2024 for the first time since the financial crisis, according to study by a prominent research institute, in a further bad sign for the property industry... -January 10, 2024 at 01:15 am EST - MarketScreener
BERLIN (Reuters) -The outlook for Germany's construction sector is grim for 2024, according to two prominent research institutes on Wednesday, a further bad sign for the nation's struggling property industry as it suffers its worst crisis in decades. German construction spending is set to fall in 2024 for the first time since the financial crisis, according to a study by the DIW economic institute. A separate survey by the Ifo economic institute showed sentiment in residential construction at an all-time low.
Earthquakes in Turkey and Syria, storms in the United States and other natural disasters caused an estimated $95 billion in insured losses in 2023, down from the previous year but still above the...