german consumption


Europe´s locomotive moving along nicely

The Corner | March 2, 2015 | The engine of Europe’s economy outperformed expectations in 4Q2014, and that is good news for all the eurozone. Germany is increasingly depending on internal demand, which was the main contributor to the 1.6% GDP growth last year: 0.4 basis points.



German wages rise should spur demand

MADRID | The Corner | Germany seems finally willing to boost its domestic demand. Real wages rose by 1.8% in 3Q (3T2014) compared to the same period from 2013, its largest rise in over three years, according to official data. An increase in wages along with penalized savings should result in more consumption