Andreas Rees
Andreas Rees
exchange
In exchange for getting the chancellery, the conservatives will have to make compromises in personnel,
bargaining collective costs flexible initially intended reduction system time transition
It is time to say good-bye to an initially intended transition to a more flexible collective bargaining system and a reduction of non-wage costs for employers.
economy german global health remains strongly
The health of the German economy remains strongly dependant on the global economy.
debt last reduced year
In addition, they reduced debt heavily last year which makes them more flexible,
economic energy households improve private reflected retail sales spend sustain
Households had to spend a lot more on energy in 2005, and that's reflected in retail sales figures. Private consumption won't improve enough to sustain the economic upswing.
unlikely
It is unlikely that reform-minded politicians will have a lot to say in the new government.
self
We are a long way from a self-sustaining recovery,
continue course economic hinder improvement increase labor means modest
There is a modest improvement in the labor market, but we won't get a significant increase in jobs. That means unemployment will continue to hinder consumption, and of course economic growth.