Quotes by Andreas Rees

“We are a long way from a self-sustaining recovery,”

“The health of the German economy remains strongly dependant on the global economy.”

“It is unlikely that reform-minded politicians will have a lot to say in the new government.”

“It is time to say good-bye to an initially intended transition to a more flexible collective bargaining system and a reduction of non-wage costs for employers.”

“In addition, they reduced debt heavily last year which makes them more flexible,”

“People are expecting that they will be paying for the restructuring of the social system, and that is probably showing up in the numbers.”

“In exchange for getting the chancellery, the conservatives will have to make compromises in personnel,”

“Its not a jobless recovery.”

“These are very, very bad numbers. There is a risk that private consumption may have shrunk for a fourth consecutive quarter, which would be a new negative record.”

“However, a German job wonder is definitely not in the offing. We expect the current upswing to already lose some momentum in the spring.”