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Economist Abroad: Hamburg represents a new start for Germany
Mike O'Sullivan's latest stop was Hamburg, "a paragon of Hanseatic charm".
Economist Abroad: Hamburg represents a new start for Germany
Written by Mike O'Sullivan, Chief Economist
December 4, 2024

Moonfare’s Chief Economist, Mike O’Sullivan, is travelling the world to bring you insights into each country’s unique economic landscape. His analysis covers macroeconomic trends, local market dynamics and implications for private investors.

Follow Mike right here on the Moonfare blog or through our LinkedIn account as he explores financial hubs around the world. Read also his previous note from Vienna.

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Macro Environment

Fittingly, when I was in Hamburg, the German government collapsed, which was not a surprise and I think from a macro point of view will be a positive. A lot of the feedback I picked up from Hamburgers was that building regulation, energy policy and investment are all areas that need fixing.

Economist’s Observations

Hamburg is an old fashioned favourite of mine, my preferred activity is a run around the Aussenalster. It is a paragon of Hanseatic charm, if that makes sense and a visible reminder of the prosperity of the region and its Hanseatic League. 

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Private Markets in Germany

Hamburg — apparently the largest non-capital city in Europe — is wealthy, much of it invested in what we might call 'old money'. Still, we saw plenty of interest in PE and VC and suspect that the trend is up here in terms of investor behaviour. 

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Authors
Mike O'Sullivan, Chief Economist
Chief Economist
Mike O'Sullivan, Chief Economist
Mike is a Chief Economist and Senior Advisor at Moonfare. He has twenty years’ experience in global financial markets, most recently as CIO in the International Wealth Management Division of Credit Suisse. He was also a member of Harvest Innovation Advisory, a senior adviser at WestExec and a board member of the Jane Goodall Legacy Foundation. He has taught finance and economics at Oxford and Princeton, while regularly contributing to numerous journals and media outlets, including Forbes and CNBC. Mike studied in Cork and received MPhil and DPhil degrees at Balliol College, Oxford as a Rhodes Scholar.
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