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.