B[German Institute for Economic Research: Germany’s economic growth momentum will slow down in the second half of the year] September 20th, the German Institute for Economic Research released its autumn economic forecast on September 20, significantly raising Germany’s 2026 economic growth forecast to 1.2% from the previous 0.4%. The institute said the upward revision was mainly due to strong economic growth in the first half of this year. However, the German Economic Research Institute predicts that "growth momentum will slow down again in the second half of 2026." The reasons are that special export preferential policies will expire, high energy prices will inhibit private consumption, and the crisis in the construction industry, which is mainly driven by government investment, will persist. The institute expects the German economy to grow by just under 1% in 2027. The agency also warned that factors such as the Russia-Ukraine conflict, the situation in the Middle East, international trade conflicts, and declining water levels in major European rivers may have a negative impact on the German economy. (CCTV News) B【Once in twenty years! The three major central banks of the United States, Europe and Japan may raise interest rates simultaneously] September 14th, the global financial market will undoubtedly usher in an out-and-out "Super Central Bank Week" this week. As the flames of inflation are once again stimulated by the situation in the Middle East and the surge in crude oil, the Federal Reserve, the Bank of England and the Bank of Japan will successively announce their latest interest rate decisions. A macro-drama that no one has seen in 20 years is quietly unfolding - the Federal Reserve, the European Central Bank and the Bank of Japan, the G3 central banks of developed economies, are rarely entering into an interest rate hike cycle at the same time. The last time the three major central banks of the United States, Europe, and Japan were in an interest rate hike cycle at the same time, it dates back to 2006.
Some industry insiders are now worried that the simultaneous tightening of the three major central banks in the United States, Japan and Europe may be like a domino, rapidly spreading the radical hawkish camp to the entire G10 economy. Under the dual squeeze of energy shocks and stubborn inflation, the world's major central banks may collectively enter a tightening mode.
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