Matthias Rubisch
Matthias Rubisch
confidence forecasts growth optimistic peak percent realistic returning seen
We've probably seen the peak in confidence. The most optimistic growth forecasts are for about 2 percent this year, but that's not really a boom. We've seen some euphoria, but now we're returning to more realistic levels.
above energy headline increase inflation looks rate reason trend
We see a big upward trend in energy prices, but without that, the inflation rate is going down. The ECB looks at the headline figure, and as long as it's above 2 percent, it's a reason to increase rates.
confirm data expect export finally hard performance positive recent seeing sentiment strong
We're finally seeing hard data that confirm the recent positive sentiment indicators. We expect a strong export performance well into 2007.