Silvia Pepino
Silvia Pepino
bigger chance economy german growth recovery risk seeing since stronger
There is a risk (to the recovery from the VAT hike) but since we are seeing stronger growth then there is a bigger chance that the German economy can actually withstand it.
costs cut italy labor needs painful radical reform regain unit
Italy needs radical reform to cut its unit labor costs and regain competitiveness, but that can be a very painful process.
earlier export gradual growth pickup seeing seen side spill strength time underlying year
What we have seen over time is a gradual pickup in underlying growth momentum. The strength we were seeing earlier in the year in the export side has started to spill over to investment.