13 Quotes by Andreas Rees

Households had to spend a lot more on energy in 2005, and that's reflected in retail sales figures. Private consumption won't improve enough to sustain the economic upswing.

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

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

The latest figure is a nightmare. The renewed drop in retail sales poses substantial risks to both private consumption and real GDP at year-end 2005.