Stephane Deo
Stephane Deo
france germany problem surprise taken upside view
I think there is a competitive problem in France and the view we've taken is that Germany could surprise on the upside ... while I think France could surprise on the downside.
domestic economy massive side support talking
I'm not talking about a massive acceleration, but little by little you can have more support from the domestic side of the economy in Europe.
domestic economy growth improve investment kick saw starting support view year
Our view that the domestic economy will improve this year is very much on track. We saw already that investment growth is starting to kick in and that will support consumption eventually.
domestic growth less means point poor
From a growth point of view, this means less domestic demand, and a poor growth performance.
remains trend volatile
Here, we also have a very volatile indicator. The trend remains downward. I don't think that has changed.
clearly future linked living rise standards tax
The big rise in future living standards is clearly linked to tax cuts.