| Author (Person) | Atkins, Ralph |
|---|---|
| Series Title | Financial Times |
| Series Details | 9.3.11 |
| Publication Date | 09/03/2011 |
| Content Type | News |
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Report from the annual press conference of the Deutsche Bundesbank held in Frankfurt on the 8 March 2011. Axel Weber, President of the Bundesbank, reported that Germany’s strong cyclical recovery would continue in 2011, albeit at a somewhat slower pace. The robust activity in the world economy was still producing important demand impulses, yet the upswing was likely to continue to become broader. Thus, given the significant increase in capacity utilisation, the need for machinery and equipment is expected to rise again. Furthermore, in spite of the recent deterioration in the price climate, private consumption was also expected to increase amidst continued positive labour market developments. In Weber’s view, in particular the exceptionally high level of confidence on the part of German enterprises and households with regard to the future indicates that domestic forces of growth would play a greater role. |
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| Countries / Regions | Germany |
