After the premature end of the traffic light coalition government, new elections are on the way in February. Any future government will need a thriving economy in order to fulfill its promises.

Ulrike Malmendier, member of the German Council of Economic Experts, says that the jury is still out on whether the end of the Ampel coalition government will slow down the economy in 2025. With regard to the election campaign, she expects inflation to be a theme – just as it was in the recent US election.

In a challenging environment, with escalating government debt and structurally higher inflation, asset protection is becoming increasingly important. Guy Wagner, CIO of Banque de Luxembourg Investments, favours a quality investing approach for equities, and inflation-linked securities for bonds.

Despite many uncertainties, asset manager DWS is optimistic about the prospects for European equities next year. And it expects the European Central Bank to go through a series of five interest rate cuts by the end of 2025.

Aktionärsschützer wehren sich gegen die geplante StaRUG-Sanierung des Batterieherstellers Varta. Die Schutzgemeinschaft der Kapitalanleger (SdK) hat das Bundesverfassungsgericht eingeschaltet.