Manuela Preuschl
Manuela Preuschl
expect improvement january next rise start strong until year
I still expect a strong rise in unemployment in January and I think we won't see any real improvement until the end of next year or even the start of 2003.
bring gives hold interest leeway medium positive rates rather remain summer term view
In our view it was a rather positive surprise. At least it gives the ECB some leeway to remain on hold over the summer months, but over the medium term it still suggests that they will bring up interest rates further.
catching components economy economy-and-economics export germany healthy private quite rest
Germany is catching up with the rest of Europe. Most components of the economy increased: private consumption was quite healthy and there was a pick-up in export activity.
adjusted figure mark november numbers rise start temporary
The November seasonally adjusted figure was much better than we expected, but this will probably be only a temporary slowdown in the rise in jobless numbers and does not mark the start of a turnaround.