Juergen Michels
Juergen Michels
cup increases strong towards year
We'll see strong increases in consumption towards the end of the year because of the VAT effect. The World Cup will also play a role.
exports german impact increasing labor market relatively remain strong
For 2006, I see very strong German exports and increasing investment, but I don't think it will have a big impact on the labor market and that's why consumption will remain relatively weak.
adjusted coming companies decline expect labor likely major market problems structural total turnaround
We would expect the seasonally adjusted total to decline in the coming months, but there is not likely to be any major turnaround because companies are still restructuring and the structural problems on the labor market are still there.