7 ordspråk av Manuela Preuschl

Manuela Preuschl

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I'm rather relaxed about this information.

Germany is catching up with the rest of Europe. Most components of the economy increased: private consumption was quite healthy and there was a pick-up in export activity.

I still expect a strong rise in unemployment in January and I think we won't see any real improvement until the end of next year or even the start of 2003.

This was because of high oil prices and a weak euro. It was a surprise, but it doesn't offer as many new insights [about the economy].

It's a very good start to the year 2000 and clearly indicates the upswing is intact and growth is accelerating.

In our view it was a rather positive surprise. At least it gives the ECB some leeway to remain on hold over the summer months, but over the medium term it still suggests that they will bring up interest rates further.

The November seasonally adjusted figure was much better than we expected, but this will probably be only a temporary slowdown in the rise in jobless numbers and does not mark the start of a turnaround.

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