Latest Press Releases

Businesses which have implemented group work, profit centres or flat hierarchies in the last several years have thereby been able to sustainably increase their productivity. Introducing a system in which certain groups of employees hold a share in capital or profits, however, does not seem to have a positive effect on businesses' productivity.

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The use of Information and Communication Technologies (ICT) increases the productivity of service providers in Germany. The extent to which productivity increases, however, depends on the strategies used, and how much experience the individual business has in terms of innovation.

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For more than two years, global share prices have been falling sharply. This loss in the value of shares seems to put consumers off spending, and is therefore damaging overall economic growth.

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The optimistic expectations of service providers in the information economy have once again been disappointed in the second quarter of 2002. The rate of growth in turnover in this economic sector has slowed and has a current annual rate of 2.5 per cent.

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The acceptance of E-Commerce for purchasing is relatively high amongst service providers in the information economy. Around 65 per cent of these businesses use the internet as a purchasing channel.

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The balance sheet scandals of the US corporations Worldcom, Enron and Xerox have led to long-term uncertainty in the global stock market. In their quest to find some certainty in these rather uncertain times, financial experts in Germany consider transparency in regard to the balance sheet data of coorporations to be evermore important.

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The economic expectations of German analysts have so far been unaffected by the latest stock market decline. The ZEW Indicator of Economic Sentiment for Germany decreased by a slight 0.5 points in July compared with the previous month's result.

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The current appreciation of the euro against the US dollar and other currencies will have a dampening effect on the inflation rate in the Eurozone, as measured by the Harmonized Consumer Price Index.

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The ZEW Indicator of Economic Sentiment for Germany increases in June after having declined in May. Compared with the previous month's result the indicator gains +3,3 points and is now standing at +69,6 points.

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The danger that a collapse of a bank will trigger further breakdowns is not confined to single states anymore. Rather increasing integration of financial markets has created transborder systemic risk in the EU.

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