{"id":2195,"date":"2016-05-10T03:48:21","date_gmt":"2016-05-10T01:48:21","guid":{"rendered":"https:\/\/gfk-cfs.de\/?page_id=2195"},"modified":"2026-03-25T14:14:29","modified_gmt":"2026-03-25T13:14:29","slug":"home","status":"publish","type":"page","link":"https:\/\/gfk-cfs.de\/en\/","title":{"rendered":"Home"},"content":{"rendered":"<p><div class=\"fusion-bg-parallax\" data-bg-align=\"center center\" data-direction=\"down\" data-mute=\"false\" data-opacity=\"100\" data-velocity=\"-0.1\" data-mobile-enabled=\"false\" data-break_parents=\"0\" data-bg-image=\"https:\/\/gfk-cfs.de\/media\/home-hero.jpg\" data-bg-repeat=\"false\" data-bg-gradient-type=\"linear\" data-bg-gradient-angle=\"180\" data-bg-gradient-start-color=\"rgba(24,63,121,0.3)\" data-bg-gradient-start-position=\"0\" data-bg-gradient-end-color=\"rgba(24,63,121,0.3)\" data-bg-gradient-end-position=\"100\" data-bg-radial-direction=\"center center\" ><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container fusion-parallax-down nonhundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-animated\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-min-height:calc(100vh - 84px);--awb-min-height-medium:calc(100vh - 70px);--awb-background-image:linear-gradient(180deg, rgba(24,63,121,0.3) 0%,rgba(24,63,121,0.3) 100%),url(https:\/\/gfk-cfs.de\/media\/home-hero.jpg);;--awb-background-size:cover;--awb-flex-wrap:wrap;\" data-animationType=\"fadeIn\" data-animationDuration=\"1.0\" data-animationOffset=\"top-into-view\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-align-content-center fusion-flex-content-wrap\" style=\"max-width:1352px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_4_5 4_5 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:80%;--awb-margin-top-large:0px;--awb-spacing-right-large:2.4%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:2.4%;--awb-width-medium:80%;--awb-order-medium:0;--awb-spacing-right-medium:2.4%;--awb-spacing-left-medium:2.4%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-text fusion-title-size-one\" style=\"--awb-text-color:#ffffff;\"><h1 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:300;margin:0;--fontSize:54;line-height:1.4;text-shadow:2px 2px 10px rgba(0,0,0,0.3);\">The Center for Financial Studies conducts <strong>independent research in important areas of finance<\/strong>.<\/h1><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:100px;--awb-padding-bottom:60px;--awb-padding-top-medium:70px;--awb-padding-bottom-medium:40px;--awb-padding-top-small:50px;--awb-padding-bottom-small:30px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1352px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_3 1_3 fusion-flex-column fusion-animated\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeIn\" data-animationDuration=\"0.8\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-2 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:#031d44;--awb-margin-top:5px;--awb-margin-top-medium:0px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:40;line-height:1.2;\">Research Areas<\/h2><\/div><div class=\"fusion-text fusion-text-1\" style=\"--awb-text-transform:none;\"><p>The Center for Financial Studies conducts independent and internationally oriented research in important areas of Finance. It serves as a forum for dialogue between academia, policy-making institutions and the financial industry. It offers a platform for top-level fundamental research as well as applied research relevant for the financial sector in Europe.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_2_3 2_3 fusion-flex-column fusion-flex-align-self-stretch fusion-animated\" style=\"--awb-bg-size:cover;--awb-width-large:66.666666666667%;--awb-margin-top-large:0px;--awb-spacing-right-large:2.88%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:2.88%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeIn\" data-animationDuration=\"0.8\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-0 fusion_builder_column_inner_1_2 1_2 fusion-flex-column fusion-flex-align-self-stretch home-box fusion-column-inner-bg-wrapper\" style=\"--awb-padding-top:15px;--awb-padding-right:20px;--awb-padding-bottom:15px;--awb-padding-left:20px;--awb-inner-bg-image:url(&#039;https:\/\/gfk-cfs.de\/media\/2021\/12\/Digital-Finance-box.jpg&#039;);--awb-inner-bg-position:right bottom;--awb-inner-bg-size:cover;--awb-width-large:50%;--awb-margin-top-large:0px;--awb-spacing-right-large:10px;--awb-margin-bottom-large:20px;--awb-spacing-left-large:3.84%;--awb-width-medium:50%;--awb-order-medium:0;--awb-spacing-right-medium:10px;--awb-spacing-left-medium:3.84%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><span class=\"fusion-column-inner-bg hover-type-none\"><a class=\"fusion-column-anchor\" href=\"https:\/\/gfk-cfs.de\/en\/research\/digital-finance\/\" aria-label=\"Digital Finance\"><span class=\"fusion-column-inner-bg-image\"><\/span><\/a><\/span><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column fusion-column-has-bg-image\" data-bg-url=\"https:\/\/gfk-cfs.de\/media\/2021\/12\/Digital-Finance-box.jpg\"><div class=\"fusion-title title fusion-title-3 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-text-color:#ffffff;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-margin-top-small:0px;--awb-margin-bottom-small:0px;--awb-margin-top-medium:0px;--awb-margin-bottom-medium:0px;--awb-font-size:26px;\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:300;margin:0;font-size:1em;--fontSize:26;line-height:1.3;\">Digital Finance<\/h3><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-1 fusion_builder_column_inner_1_2 1_2 fusion-flex-column fusion-flex-align-self-stretch home-box fusion-column-inner-bg-wrapper\" style=\"--awb-padding-top:15px;--awb-padding-right:20px;--awb-padding-bottom:15px;--awb-padding-left:20px;--awb-inner-bg-image:url(&#039;https:\/\/gfk-cfs.de\/media\/2021\/12\/Corporate-box.jpg&#039;);--awb-inner-bg-position:right bottom;--awb-inner-bg-size:cover;--awb-width-large:50%;--awb-margin-top-large:0px;--awb-spacing-right-large:3.84%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:10px;--awb-width-medium:50%;--awb-order-medium:0;--awb-spacing-right-medium:3.84%;--awb-spacing-left-medium:10px;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><span class=\"fusion-column-inner-bg hover-type-none\"><a class=\"fusion-column-anchor\" href=\"https:\/\/gfk-cfs.de\/en\/research\/corporate-finance-financial-markets\/\" aria-label=\"Corporate Finance &amp; Financial Markets\"><span class=\"fusion-column-inner-bg-image\"><\/span><\/a><\/span><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column fusion-column-has-bg-image\" data-bg-url=\"https:\/\/gfk-cfs.de\/media\/2021\/12\/Corporate-box.jpg\"><div class=\"fusion-title title fusion-title-4 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-text-color:#ffffff;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-margin-top-small:0px;--awb-margin-bottom-small:0px;--awb-margin-top-medium:0px;--awb-margin-bottom-medium:0px;--awb-font-size:26px;\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:300;margin:0;font-size:1em;--fontSize:26;line-height:1.3;\"><p>Corporate<br \/>\nFinance &amp;<br \/>\nFinancial Markets<\/p><\/h3><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-2 fusion_builder_column_inner_1_2 1_2 fusion-flex-column fusion-flex-align-self-stretch home-box fusion-column-inner-bg-wrapper\" style=\"--awb-padding-top:15px;--awb-padding-right:20px;--awb-padding-bottom:15px;--awb-padding-left:20px;--awb-inner-bg-image:url(&#039;https:\/\/gfk-cfs.de\/media\/2021\/12\/Monetary-box.jpg&#039;);--awb-inner-bg-position:right bottom;--awb-inner-bg-size:cover;--awb-width-large:50%;--awb-margin-top-large:0px;--awb-spacing-right-large:10px;--awb-margin-bottom-large:20px;--awb-spacing-left-large:3.84%;--awb-width-medium:50%;--awb-order-medium:0;--awb-spacing-right-medium:10px;--awb-spacing-left-medium:3.84%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><span class=\"fusion-column-inner-bg hover-type-none\"><a class=\"fusion-column-anchor\" href=\"https:\/\/gfk-cfs.de\/en\/research\/monetary-policy-financial-stability\/\" aria-label=\"Monetary Policy &amp; Financial Stability\"><span class=\"fusion-column-inner-bg-image\"><\/span><\/a><\/span><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column fusion-column-has-bg-image\" data-bg-url=\"https:\/\/gfk-cfs.de\/media\/2021\/12\/Monetary-box.jpg\"><div class=\"fusion-title title fusion-title-5 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-text-color:#ffffff;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-margin-top-small:0px;--awb-margin-bottom-small:0px;--awb-margin-top-medium:0px;--awb-margin-bottom-medium:0px;--awb-font-size:26px;\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:300;margin:0;font-size:1em;--fontSize:26;line-height:1.3;\"><p>Monetary Policy &amp;<br \/>\nFinancial Stability<\/p><\/h3><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-3 fusion_builder_column_inner_1_2 1_2 fusion-flex-column fusion-flex-align-self-stretch home-box fusion-column-inner-bg-wrapper\" style=\"--awb-padding-top:15px;--awb-padding-right:20px;--awb-padding-bottom:15px;--awb-padding-left:20px;--awb-inner-bg-image:url(&#039;https:\/\/gfk-cfs.de\/media\/2021\/12\/Sustainable-box.jpg&#039;);--awb-inner-bg-position:right bottom;--awb-inner-bg-size:cover;--awb-width-large:50%;--awb-margin-top-large:0px;--awb-spacing-right-large:3.84%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:10px;--awb-width-medium:50%;--awb-order-medium:0;--awb-spacing-right-medium:3.84%;--awb-spacing-left-medium:10px;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><span class=\"fusion-column-inner-bg hover-type-none\"><a class=\"fusion-column-anchor\" href=\"https:\/\/gfk-cfs.de\/en\/research\/sustainable-finance\/\" aria-label=\"Sustainable Finance\"><span class=\"fusion-column-inner-bg-image\"><\/span><\/a><\/span><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column fusion-column-has-bg-image\" data-bg-url=\"https:\/\/gfk-cfs.de\/media\/2021\/12\/Sustainable-box.jpg\"><div class=\"fusion-title title fusion-title-6 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-text-color:#031d44;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-margin-top-small:0px;--awb-margin-bottom-small:0px;--awb-margin-top-medium:0px;--awb-margin-bottom-medium:0px;--awb-font-size:26px;\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:300;margin:0;font-size:1em;--fontSize:26;line-height:1.3;\"><p>Sustainable<br \/>\nFinance<\/p><\/h3><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-animated\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:75px;--awb-padding-bottom:80px;--awb-padding-top-medium:60px;--awb-padding-bottom-small:60px;--awb-background-color:var(--awb-custom10);--awb-flex-wrap:wrap;\" data-animationType=\"fadeIn\" data-animationDuration=\"0.8\" data-animationOffset=\"top-into-view\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:1352px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-right:20px;--awb-padding-left:20px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:40px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:0px;--awb-spacing-left-medium:0px;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-7 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:var(--awb-color8);--awb-margin-bottom:-25px;--awb-margin-left:5px;--awb-margin-bottom-small:-30px;--awb-margin-left-small:-20px;--awb-margin-bottom-medium:-30px;--awb-margin-left-medium:-5px;--awb-font-size:26px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:300;margin:0;font-size:1em;--fontSize:26;line-height:1.2;\">CFS Persons<\/h2><\/div><div class=\"fusion-text fusion-text-2 fusion-text-no-margin caro\" style=\"--awb-text-transform:none;--awb-margin-right:5px;--awb-margin-left:5px;\"><style id=\"sp_wpcp_dynamic_css3372\">#wpcpro-wrapper-3372 #sp-wp-carousel-pro-id-3372.sp-wpcp-3372 .wpcp-all-captions .wpcp-post-meta .post-categories a {color: #22afba;font-size: 14px;line-height: 21px;letter-spacing: 0px;text-transform: none;font-family: IBM Plex Sans;font-weight: normal;font-style: normal;}#wpcpro-wrapper-3372 #sp-wp-carousel-pro-id-3372.sp-wpcp-3372 .wpcp-all-captions .wpcp-post-title a {display: block; color: #444;font-size: 20px;line-height: 30px;letter-spacing: 0px;text-transform: none;font-family: IBM Plex Sans;font-weight: normal;font-style: normal;}#wpcpro-wrapper-3372 #sp-wp-carousel-pro-id-3372.sp-wpcp-3372 .wpcp-all-captions .wpcp-post-title 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50%;}.wpcpro-row .wpcpro-col-xl-3 {flex: 0 0 33.22222222%;max-width: 33.22222222%;}.wpcpro-row .wpcpro-col-xl-4 {flex: 0 0 25%;max-width: 25%;}.wpcpro-row .wpcpro-col-xl-5 {flex: 0 0 20%;max-width: 20%;}.wpcpro-row .wpcpro-col-xl-6 {flex: 0 0 16.66667%;max-width: 16.66667%;}.wpcpro-row .wpcpro-col-xl-7 {flex: 0 0 14.28571428%;max-width: 14.28571428%;}.wpcpro-row .wpcpro-col-xl-8 {flex: 0 0 12.5%;max-width: 12.5%;}}<\/style><div id=\"wpcpro-wrapper-3372\" class=\"wpcp-carousel-wrapper wpcpro-wrapper wpcp-wrapper-3372\" data-slider-type=\"slide\" data-shaders-type=\"\" ><div id=\"wpcp-preloader-3372\" class=\"wpcp-carousel-preloader\"><img decoding=\"async\" src=\"https:\/\/gfk-cfs.de\/wp-content\/plugins\/wp-carousel-pro\/src\/Frontend\/css\/spinner.svg\" class=\"skip-lazy\" alt=\"Preloader image\"\/><\/div><div id=\"sp-wp-carousel-pro-id-3372\" dir=\"ltr\" class=\" wpcp-standard nav-top-right wpcp-carousel-section sp-wpcp-3372 wpcp-post-carousel detail-on-bottom wpcp_same_height wpcp-preloader swiper\" data-swiper='{\"pagination_type\": \"dots\",\"vertical\":false,\"orientation\":\"horizontal\",\"slider_orientation\": \"horizontal\",\"accessibility\":true, \"centerMode\":false, \"centerPadding\":{\"lg_desktop\":\"0\", \"desktop\":\"0\", \"laptop\":\"0\", \"tablet\":\"0\", \"mobile\":\"0\"}, \"swipeToSlide\":true, \"adaptiveHeight\":true, \"carousel_accessibility\":true, \"arrows\":true, \"autoplay\":false, \"autoplaySpeed\":8000, \"spaceBetween\":40, \"dots\":false, \"infinite\":true, \"speed\":800, \"pauseOnHover\":true, \"slidesToScroll\":{\"lg_desktop\":1, \"desktop\":1, \"laptop\":1, \"tablet\":1, \"mobile\":1}, \"slidesToShow\":{\"lg_desktop\":4, \"desktop\":4, \"laptop\":2, \"tablet\":2, \"mobile\":1}, \"rows\":{\"lg_desktop\":1, \"desktop\":1, \"laptop\":1, \"tablet\":1, \"mobile\":1}, \"responsive\":{\"desktop\":1200, \"laptop\": 980, \"tablet\": 736, \"mobile\": 480}, \"rtl\":false, \"variableWidth\":false, \"effect\":\"slide\", \"lazyLoad\": \"ondemand\", \"swipe\": true, \"draggable\": true, \"freeMode\":false }' data-arrowtype=\"angle\" dir=\"ltr\" dir=\"ltr\" data-carousel_type=\"post-carousel\" data-infobar=\"1\" data-thumbs=\"true\" data-protect_image=\"\" data-autoplay=\"\" data-loop=\"1\" data-speed=\"4000\" data-sliding_effect=\"fade\" data-open_close=\"zoom\" data-outside=\"true\" data-keyboard=\"1\" data-l_box_img_sharpe=\"\" data-variableWidth=\"false\"><div class=\"swiper-wrapper\"><div class=\" swiper-slide\"><div class=\"wpcp-single-item\"><div class=\"wpcp-slide-image\"><a href=\"https:\/\/gfk-cfs.de\/en\/about-us\/president-of-the-cfs\/\" target=\"_self\"><img decoding=\"async\" data-srcset=\"https:\/\/gfk-cfs.de\/media\/A_Weber_500X500px-400x400.jpg\" class=\"wcp-lazy\" data-src=\"https:\/\/gfk-cfs.de\/media\/A_Weber_500X500px-400x400.jpg\" src=\"https:\/\/gfk-cfs.de\/media\/A_Weber_500X500px-400x400.jpg\" alt=\"\" width=\"400\" height=\"400\" loading=\"lazy\"><\/a><\/div><div class=\"wpcp-all-captions \"><div class=\"news_datum\"><a href=\"https:\/\/gfk-cfs.de\/en\/about-us\/president-of-the-cfs\/\" target=\"_self\">CFS President<\/a><\/div><h3 class=\"wpcp-post-title\"><a href=\"https:\/\/gfk-cfs.de\/en\/about-us\/president-of-the-cfs\/\" target=\"_self\">Prof. Axel A. Weber<\/a><\/h3><div class=\"sp-wpcp-read-more\"><a class=\"wpcp_readmore\" href=\"https:\/\/gfk-cfs.de\/en\/about-us\/president-of-the-cfs\/\"><i class=\"fb-icon-element fontawesome-icon ico-cfslink circle-no fusion-text-flow\" style=\"font-size:20px\"><\/i> <\/a><\/div><\/div><\/div><\/div><div class=\" swiper-slide\"><div class=\"wpcp-single-item\"><div class=\"wpcp-slide-image\"><a href=\"https:\/\/gfk-cfs.de\/en\/about-us\/cfs-honorary-president\/\" target=\"_self\"><img decoding=\"async\" data-srcset=\"https:\/\/gfk-cfs.de\/media\/Otmar-Issing-profil-400x400.jpg\" class=\"wcp-lazy\" data-src=\"https:\/\/gfk-cfs.de\/media\/Otmar-Issing-profil-400x400.jpg\" src=\"https:\/\/gfk-cfs.de\/media\/Otmar-Issing-profil-400x400.jpg\" alt=\"\" width=\"400\" height=\"400\" loading=\"lazy\"><\/a><\/div><div class=\"wpcp-all-captions \"><div class=\"news_datum\"><a href=\"https:\/\/gfk-cfs.de\/en\/about-us\/cfs-honorary-president\/\" target=\"_self\">CFS Honorary President<\/a><\/div><h3 class=\"wpcp-post-title\"><a href=\"https:\/\/gfk-cfs.de\/en\/about-us\/cfs-honorary-president\/\" target=\"_self\">Prof. Dr. Dr. h.c. mult. Otmar Issing<\/a><\/h3><div class=\"sp-wpcp-read-more\"><a class=\"wpcp_readmore\" href=\"https:\/\/gfk-cfs.de\/en\/about-us\/cfs-honorary-president\/\"><i class=\"fb-icon-element fontawesome-icon ico-cfslink circle-no fusion-text-flow\" style=\"font-size:20px\"><\/i> <\/a><\/div><\/div><\/div><\/div><div class=\" swiper-slide\"><div class=\"wpcp-single-item\"><div class=\"wpcp-slide-image\"><a href=\"https:\/\/gfk-cfs.de\/en\/persons\/cfs\/andreas-hackethal\/\" target=\"_self\"><img decoding=\"async\" data-srcset=\"https:\/\/gfk-cfs.de\/media\/Andreas-Hackethal_klein-1-400x400.jpg\" class=\"wcp-lazy\" data-src=\"https:\/\/gfk-cfs.de\/media\/Andreas-Hackethal_klein-1-400x400.jpg\" src=\"https:\/\/gfk-cfs.de\/media\/Andreas-Hackethal_klein-1-400x400.jpg\" alt=\"\" width=\"400\" height=\"400\" loading=\"lazy\"><\/a><\/div><div class=\"wpcp-all-captions \"><div class=\"news_datum\"><a href=\"https:\/\/gfk-cfs.de\/en\/persons\/cfs\/andreas-hackethal\/\" target=\"_self\">Scientific Director<\/a><\/div><h3 class=\"wpcp-post-title\"><a href=\"https:\/\/gfk-cfs.de\/en\/persons\/cfs\/andreas-hackethal\/\" target=\"_self\">Prof. Dr. Andreas Hackethal<\/a><\/h3><div class=\"sp-wpcp-read-more\"><a class=\"wpcp_readmore\" href=\"https:\/\/gfk-cfs.de\/en\/persons\/cfs\/andreas-hackethal\/\"><i class=\"fb-icon-element fontawesome-icon ico-cfslink circle-no fusion-text-flow\" style=\"font-size:20px\"><\/i> <\/a><\/div><\/div><\/div><\/div><div class=\" swiper-slide\"><div class=\"wpcp-single-item\"><div class=\"wpcp-slide-image\"><a href=\"https:\/\/gfk-cfs.de\/en\/persons\/cfs\/rainer-klump\/\" target=\"_self\"><img decoding=\"async\" data-srcset=\"https:\/\/gfk-cfs.de\/media\/Klump-2-400x400.jpg\" class=\"wcp-lazy\" data-src=\"https:\/\/gfk-cfs.de\/media\/Klump-2-400x400.jpg\" src=\"https:\/\/gfk-cfs.de\/media\/Klump-2-400x400.jpg\" alt=\"\" width=\"400\" height=\"400\" loading=\"lazy\"><\/a><\/div><div class=\"wpcp-all-captions \"><div class=\"news_datum\"><a href=\"https:\/\/gfk-cfs.de\/en\/persons\/cfs\/rainer-klump\/\" target=\"_self\">Scientific Director<\/a><\/div><h3 class=\"wpcp-post-title\"><a href=\"https:\/\/gfk-cfs.de\/en\/persons\/cfs\/rainer-klump\/\" target=\"_self\">Prof. Dr. Rainer Klump<\/a><\/h3><div class=\"sp-wpcp-read-more\"><a class=\"wpcp_readmore\" href=\"https:\/\/gfk-cfs.de\/en\/persons\/cfs\/rainer-klump\/\"><i class=\"fb-icon-element fontawesome-icon ico-cfslink circle-no fusion-text-flow\" style=\"font-size:20px\"><\/i> <\/a><\/div><\/div><\/div><\/div><div class=\" swiper-slide\"><div class=\"wpcp-single-item\"><div class=\"wpcp-slide-image\"><a href=\"https:\/\/gfk-cfs.de\/en\/persons\/board-members\/juergen-fitschen\/\" target=\"_self\"><img decoding=\"async\" data-srcset=\"https:\/\/gfk-cfs.de\/media\/Fitschen-big-1-400x400.jpg\" class=\"wcp-lazy\" data-src=\"https:\/\/gfk-cfs.de\/media\/Fitschen-big-1-400x400.jpg\" src=\"https:\/\/gfk-cfs.de\/media\/Fitschen-big-1-400x400.jpg\" alt=\"\" width=\"400\" height=\"400\" loading=\"lazy\"><\/a><\/div><div class=\"wpcp-all-captions \"><div class=\"news_datum\"><a href=\"https:\/\/gfk-cfs.de\/en\/persons\/board-members\/juergen-fitschen\/\" target=\"_self\">Chairman<\/a><\/div><h3 class=\"wpcp-post-title\"><a href=\"https:\/\/gfk-cfs.de\/en\/persons\/board-members\/juergen-fitschen\/\" target=\"_self\">J\u00fcrgen Fitschen<\/a><\/h3><div class=\"sp-wpcp-read-more\"><a class=\"wpcp_readmore\" href=\"https:\/\/gfk-cfs.de\/en\/persons\/board-members\/juergen-fitschen\/\"><i class=\"fb-icon-element fontawesome-icon ico-cfslink circle-no fusion-text-flow\" style=\"font-size:20px\"><\/i> <\/a><\/div><\/div><\/div><\/div><div class=\" swiper-slide\"><div class=\"wpcp-single-item\"><div class=\"wpcp-slide-image\"><a href=\"https:\/\/gfk-cfs.de\/en\/persons\/cfs\/volker-bruehl\/\" target=\"_self\"><img decoding=\"async\" data-srcset=\"https:\/\/gfk-cfs.de\/media\/Bruehl-gross-2024-400x400.jpg\" class=\"wcp-lazy\" data-src=\"https:\/\/gfk-cfs.de\/media\/Bruehl-gross-2024-400x400.jpg\" src=\"https:\/\/gfk-cfs.de\/media\/Bruehl-gross-2024-400x400.jpg\" alt=\"Prof. Dr. Volker Br\u00fchl\" width=\"400\" height=\"400\" loading=\"lazy\"><\/a><\/div><div class=\"wpcp-all-captions \"><div class=\"news_datum\"><a href=\"https:\/\/gfk-cfs.de\/en\/persons\/cfs\/volker-bruehl\/\" target=\"_self\">Managing Director<\/a><\/div><h3 class=\"wpcp-post-title\"><a href=\"https:\/\/gfk-cfs.de\/en\/persons\/cfs\/volker-bruehl\/\" target=\"_self\">Prof. Dr. Volker Br\u00fchl<\/a><\/h3><div class=\"sp-wpcp-read-more\"><a class=\"wpcp_readmore\" href=\"https:\/\/gfk-cfs.de\/en\/persons\/cfs\/volker-bruehl\/\"><i class=\"fb-icon-element fontawesome-icon ico-cfslink circle-no fusion-text-flow\" style=\"font-size:20px\"><\/i> <\/a><\/div><\/div><\/div><\/div><\/div><div class=\"wpcp-prev-button swiper-button-prev wpcp-nav\"><i><\/i><\/div><div class=\"wpcp-next-button swiper-button-next wpcp-nav\"><i><\/i><\/div><\/div><\/div>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div style=\"text-align:right;\"><a class=\"fusion-button button-flat fusion-button-default-size button-default fusion-button-default button-1 fusion-button-default-span fusion-button-default-type\" target=\"_self\" href=\"https:\/\/gfk-cfs.de\/en\/about-us\/organization\/\"><span class=\"fusion-button-text\">Learn more<\/span><\/a><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 fusion-flex-container fusion-parallax-none newsbereich nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-background-position:center top;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:90px;--awb-padding-right:0px;--awb-padding-bottom:140px;--awb-padding-left:0px;--awb-padding-top-medium:70px;--awb-padding-right-medium:20px;--awb-padding-bottom-medium:60px;--awb-padding-left-medium:20px;--awb-padding-top-small:60px;--awb-padding-bottom-small:50px;--awb-min-height:80px;--awb-background-image:url(&quot;https:\/\/gfk-cfs.de\/media\/bg_forschung.svg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-stretch fusion-flex-content-wrap\" style=\"max-width:1352px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_1_3 1_3 fusion-flex-column widget_pa fusion-animated\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:10px;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-margin-bottom-small:40px;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeIn\" data-animationDuration=\"0.8\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-8 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-font-size:26px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:700;margin:0;font-size:1em;--fontSize:26;line-height:1.2;\"><i class=\"fb-icon-element-1 fb-icon-element fontawesome-icon ico-cfsfile circle-no fusion-text-flow\" style=\"--awb-iconcolor:var(--awb-color8);--awb-iconcolor-hover:var(--awb-color8);--awb-font-size:32px;--awb-margin-top:-8px;--awb-margin-right:10px;--awb-margin-left:20px;\"><\/i> Working Papers<\/p><\/h2><\/div><div id=\"caf-post-layout-container\" class=\"caf-post-layout-container \r\n     filter-layout1 post-layout1 \r\n     data-target-div1\"\r\n     data-post-type=\"post\"\r\n     data-tax=\"category\"\r\n     data-terms=\"category___119\"\r\n     data-per-page=\"3\"\r\n     data-selected-terms=\"category___119\"\r\n     data-filter-id=\"13025\"\r\n     data-post-layout=\"post-layout1\"\r\n     data-filter-layout=\"filter-layout1\"\r\n     data-target-div=\"data-target-div1\"\r\n     data-relation=\"IN\"\r\n     data-default-term=\"category___119\"\r\n     data-scroll=\"disabled\"\r\n     data-scroll-desk=\"-100\"\r\n     data-scroll-mob=\"-100\"\r\n     current-post-id=\"2243\"><div id='manage-ajax-response' class='caf-row'><div class=\"status\"><i class=\"fa fa-spinner\" aria-hidden=\"true\"><\/i><\/div><div class=\"content\"><\/div><\/div><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;flex-grow:1;width:100%;\"><\/div><div style=\"text-align:right;\"><a class=\"fusion-button button-flat button-xlarge button-default fusion-button-default button-2 fusion-button-default-span fusion-button-default-type fusion-menu\" target=\"_self\" href=\"https:\/\/gfk-cfs.de\/en\/working-papers\/\"><span class=\"fusion-button-text\">All Working Papers<\/span><\/a><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_1_3 1_3 fusion-flex-column fusion-animated\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:10px;--awb-margin-bottom-large:20px;--awb-spacing-left-large:10px;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-margin-bottom-small:40px;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeIn\" data-animationDuration=\"0.8\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-9 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-font-size:26px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:700;margin:0;font-size:1em;--fontSize:26;line-height:1.2;\"><i class=\"fb-icon-element-2 fb-icon-element fontawesome-icon ico-cfscalendar circle-no fusion-text-flow\" style=\"--awb-iconcolor:var(--awb-color8);--awb-iconcolor-hover:var(--awb-color8);--awb-font-size:32px;--awb-margin-top:-8px;--awb-margin-right:10px;--awb-margin-left:20px;\"><\/i> Events<\/p><\/h2><\/div><div id=\"caf-post-layout-container\" class=\"caf-post-layout-container \r\n     filter-layout1 post-layout1 \r\n     data-target-div2\"\r\n     data-post-type=\"post\"\r\n     data-tax=\"category\"\r\n     data-terms=\"category___68\"\r\n     data-per-page=\"3\"\r\n     data-selected-terms=\"category___68,category___79,category___78,category___77\"\r\n     data-filter-id=\"1053\"\r\n     data-post-layout=\"post-layout1\"\r\n     data-filter-layout=\"filter-layout1\"\r\n     data-target-div=\"data-target-div2\"\r\n     data-relation=\"IN\"\r\n     data-default-term=\"category___68\"\r\n     data-scroll=\"disabled\"\r\n     data-scroll-desk=\"100\"\r\n     data-scroll-mob=\"-100\"\r\n     current-post-id=\"2243\"><div id='manage-ajax-response' class='caf-row'><div class=\"status\"><i class=\"fa fa-spinner\" aria-hidden=\"true\"><\/i><\/div><div class=\"content\"><\/div><\/div><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;flex-grow:1;width:100%;\"><\/div><div style=\"text-align:right;\"><a class=\"fusion-button button-flat button-xlarge button-default fusion-button-default button-3 fusion-button-default-span fusion-button-default-type\" style=\"--button_margin-top:auto;\" target=\"_self\" href=\"\/en\/events\"><span class=\"fusion-button-text\">All Events<\/span><\/a><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-7 fusion_builder_column_1_3 1_3 fusion-flex-column fusion-animated\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:10px;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeIn\" data-animationDuration=\"0.8\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-10 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-font-size:26px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:700;margin:0;font-size:1em;--fontSize:26;line-height:1.2;\"><i class=\"fb-icon-element-3 fb-icon-element fontawesome-icon ico-cfsinfo circle-no fusion-text-flow\" style=\"--awb-iconcolor:var(--awb-color8);--awb-iconcolor-hover:var(--awb-color8);--awb-font-size:32px;--awb-margin-top:-8px;--awb-margin-right:10px;--awb-margin-left:20px;\"><\/i> News<\/p><\/h2><\/div><div id=\"caf-post-layout-container\" class=\"caf-post-layout-container \r\n     filter-layout1 post-layout1 \r\n     data-target-div3\"\r\n     data-post-type=\"post\"\r\n     data-tax=\"category\"\r\n     data-terms=\"category___80,category___84,category___83\"\r\n     data-per-page=\"3\"\r\n     data-selected-terms=\"category___80,category___84,category___83\"\r\n     data-filter-id=\"1046\"\r\n     data-post-layout=\"post-layout1\"\r\n     data-filter-layout=\"filter-layout1\"\r\n     data-target-div=\"data-target-div3\"\r\n     data-relation=\"IN\"\r\n     data-default-term=\"all\"\r\n     data-scroll=\"disabled\"\r\n     data-scroll-desk=\"100\"\r\n     data-scroll-mob=\"-100\"\r\n     current-post-id=\"2243\"><div id='manage-ajax-response' class='caf-row'><div class=\"status\"><i class=\"fa fa-spinner\" aria-hidden=\"true\"><\/i><\/div><div class=\"content\"><\/div><\/div><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;flex-grow:1;width:100%;\"><\/div><div style=\"text-align:right;\"><a class=\"fusion-button button-flat button-xlarge button-default fusion-button-default button-4 fusion-button-default-span fusion-button-default-type\" target=\"_self\" href=\"\/en\/news\"><span class=\"fusion-button-text\">All News<\/span><\/a><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-5 fusion-flex-container hundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-no-small-visibility fusion-no-medium-visibility fusion-absolute-container fusion-absolute-position-small fusion-absolute-position-medium fusion-absolute-position-large\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-right:0px;--awb-padding-left:0px;--awb-margin-top:-60px;--awb-min-height:60px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-stretch fusion-flex-content-wrap\" style=\"width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-8 fusion_builder_column_1_2 1_2 fusion-flex-column fusion-flex-align-self-stretch\" style=\"--awb-bg-color:#183f79;--awb-bg-color-hover:#183f79;--awb-bg-size:cover;--awb-width-large:50%;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0px;--awb-width-medium:50%;--awb-order-medium:0;--awb-spacing-right-medium:0px;--awb-spacing-left-medium:0px;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-6 fusion-flex-container fusion-parallax-none chartcontainer nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-background-position:center bottom;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-bottom:60px;--awb-padding-top-medium:70px;--awb-padding-bottom-medium:60px;--awb-padding-top-small:50px;--awb-padding-bottom-small:40px;--awb-background-color:#183f79;--awb-background-image:url(&quot;https:\/\/gfk-cfs.de\/media\/iStock-838241784-2-3.jpg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-stretch fusion-flex-content-wrap\" style=\"max-width:1352px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-9 fusion_builder_column_1_2 1_2 fusion-flex-column fusion-animated\" style=\"--awb-bg-size:cover;--awb-width-large:50%;--awb-margin-top-large:0px;--awb-spacing-right-large:3.84%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:3.84%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeIn\" data-animationDuration=\"0.8\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-11 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:#ffffff;--awb-margin-top-medium:0px;--awb-font-size:26px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:300;margin:0;font-size:1em;--fontSize:26;line-height:1.2;\">CFS Index<\/h2><\/div><div class=\"BorlabsCookie _brlbs-cb-visualizer\"><div class=\"_brlbs-content-blocker\" style=\"position:relative;\"> <img decoding=\"async\" src=\"https:\/\/gfk-cfs.de\/media\/index-preview3.jpg\" width=\"100%\" alt=\"\"> <div class=\"_brlbs-default\" style=\"position: absolute;top: 0px;height: 100%; width: 100%;display: flex; align-items: center;justify-content: center;flex-direction: column;background: none; color: #fff; padding:50px 80px;\"> <p>The CFS Index Chart uses technologies from Google. To view the chart, click the button below and confirm the use of external media in the privacy settings.<\/p> <p> <a href=\"#\" class=\"borlabs-cookie-preference consentlink\">Load content<\/a> <\/p> <\/div> <\/div><div class=\"borlabs-hide\" data-borlabs-cookie-type=\"content-blocker\" data-borlabs-cookie-id=\"visualizer\"><script type=\"text\/template\">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<\/script><\/div><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:20px;width:100%;\"><\/div><div class=\"fusion-text fusion-text-3\" style=\"--awb-font-size:18px;--awb-text-transform:none;--awb-text-color:#ffffff;\"><p>Last value: 108,4<\/p>\n<\/div><div class=\"fusion-text fusion-text-4\" style=\"--awb-font-size:18px;--awb-text-transform:none;--awb-text-color:#54b981;\"><p>Current value: 107,1<\/p>\n<\/div><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row fusion-flex-align-items-stretch fusion-flex-content-wrap\" style=\"width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-4 fusion_builder_column_inner_1_3 1_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:33.333333333333%;--awb-order-medium:0;--awb-spacing-right-medium:5.76%;--awb-spacing-left-medium:5.76%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-5\" style=\"--awb-font-size:14px;--awb-text-transform:none;--awb-text-color:rgba(255,255,255,0.5);\"><p>Last survey:<br \/>\n09. March &#8211; 16. March 2026<\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-5 fusion_builder_column_inner_1_3 1_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:33.333333333333%;--awb-order-medium:0;--awb-spacing-right-medium:5.76%;--awb-spacing-left-medium:5.76%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-6\" style=\"--awb-font-size:14px;--awb-text-transform:none;--awb-text-color:rgba(255,255,255,0.5);\"><p>Next survey:<br \/>\ntbd<\/p>\n<\/div><\/div><\/div><\/div><div ><a class=\"fusion-button button-flat button-xlarge button-custom fusion-button-default button-5 fusion-button-default-span fusion-button-default-type\" style=\"--button_accent_color:#ffffff;--button_border_color:#ffffff;--button_accent_hover_color:#183f79;--button_border_hover_color:#ffffff;--button_border_width-top:1px;--button_border_width-right:1px;--button_border_width-bottom:1px;--button_border_width-left:1px;--button_gradient_top_color:rgba(255,255,255,0);--button_gradient_bottom_color:rgba(255,255,255,0);--button_gradient_top_color_hover:#ffffff;--button_gradient_bottom_color_hover:#ffffff;\" target=\"_self\" href=\"https:\/\/gfk-cfs.de\/en\/cfs-index\/\"><span class=\"fusion-button-text\">Further Information<\/span><\/a><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-7 fusion-flex-container fusion-parallax-none nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-background-position:center bottom;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-min-height-medium:400px;--awb-min-height-small:300px;--awb-background-image:url(&quot;https:\/\/gfk-cfs.de\/media\/iStock-838241784-1200x801.jpg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1352px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-8 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-animated\" style=\"--link_color: #183f79;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:60px;--awb-padding-bottom:60px;--awb-padding-top-medium:70px;--awb-padding-bottom-medium:40px;--awb-padding-top-small:50px;--awb-padding-bottom-small:30px;--awb-flex-wrap:wrap;\" data-animationType=\"fadeIn\" data-animationDuration=\"0.8\" data-animationOffset=\"top-into-view\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:1352px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-10 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-12 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:#031d44;--awb-margin-top:5px;--awb-margin-top-medium:0px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:40;line-height:1.2;\">Main Supporters<\/h2><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-11 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:20px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:0px;--awb-spacing-left-medium:0px;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-7\" style=\"--awb-text-transform:none;--awb-margin-right:2%;--awb-margin-left:2%;\"><style id=\"sp_wpcp_dynamic_css1857\">#wpcpro-wrapper-1857 #sp-wp-carousel-pro-id-1857.sp-wpcp-1857 .wpcp-all-captions .wpcp-image-caption a,#wpcpro-wrapper-1857 #sp-wp-carousel-pro-id-1857.sp-wpcp-1857 .wpcp-all-captions .wpcp-image-caption {color: #333;font-size: 15px;line-height: 23px;letter-spacing: 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pointer;margin-top: 18px;margin-bottom:0px;}#wpcpro-wrapper-1857 #sp-wp-carousel-pro-id-1857.sp-wpcp-1857 .wpcp-all-captions .wpcp-image-read-more a{color:#fff;}#wpcpro-wrapper-1857 #sp-wp-carousel-pro-id-1857.sp-wpcp-1857 .wpcp-all-captions .wpcp-image-read-more:hover a{color:#fff;}#wpcpro-wrapper-1857 #sp-wp-carousel-pro-id-1857.sp-wpcp-1857 .wpcp-all-captions .wpcp-image-read-more:hover{border-color:#1f5c5d;background:#1f5c5d;}#wpcpro-wrapper-1857 .wpcpro-post-load-more button,#wpcpro-wrapper-1857 .wpcpro-post-pagination .page-numbers, #wpcpro-wrapper-1857 .wpcpro-load-more button{ color: #5e5e5e; border-color: #dddddd; background: #ffffff;}#wpcpro-wrapper-1857 .wpcpro-load-more button:hover,#wpcpro-wrapper-1857 .wpcpro-post-load-more button:hover{ color: #ffffff; border-color: #178087; background: #178087;}#wpcpro-wrapper-1857 .wpcpro-load-more,#wpcpro-wrapper-1857 .wpcpro-infinite-scroll-loader,#wpcpro-wrapper-1857 .wpcpro-post-load-more, #wpcpro-wrapper-1857 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#sp-wp-carousel-pro-id-1857.wpcp-carousel-section.sp-wpcp-1857 .wpcp-prev-button,#wpcpro-wrapper-1857 #sp-wp-carousel-pro-id-1857.wpcp-carousel-section.sp-wpcp-1857 .wpcp-next-button {color: #aaa;background-color: transparent;border: 1px solid;border-color: #aaa;border-radius: 0%;font-size: 20px;height: 30px;width: 30px;pointer-events: auto;}#wpcpro-wrapper-1857 #sp-wp-carousel-pro-id-1857.wpcp-carousel-section.sp-wpcp-1857 .wpcp-prev-button:hover,#wpcpro-wrapper-1857 #sp-wp-carousel-pro-id-1857.wpcp-carousel-section.sp-wpcp-1857 .wpcp-next-button:hover {color: #fff;background-color: #178087;border-color: #178087;font-size: 20px;}#wpcpro-wrapper-1857 #sp-wp-carousel-pro-id-1857.wpcp-carousel-section.sp-wpcp-1857.detail-with-overlay .wpcp-all-captions {background: rgba(0,0,0,0.55);}#wpcpro-wrapper-1857 #sp-wp-carousel-pro-id-1857.wpcp-carousel-section.sp-wpcp-1857.detail-with-overlay.content-box .wpcp-all-captions,#wpcpro-wrapper-1857 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