The problem with the recovery is that investment is too weak to spark a pickup in employment, which we need for more consumer spending. But growth rates should bounce back. We see 0.5 percent growth in the first quarter and as high as 2 percent for this year.
More Quotes from Christoph Weil:
A lot of orders come in from outside Europe, particularly for German companies that have cut costs and increased their competitiveness over the past three years.Christoph Weil
Growth was clearly weaker in the fourth quarter. But the ECB will call that an exception and say growth will accelerate. The bank will raise rates in March and possibly sometime thereafter.
Christoph Weil
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