Germany’s economy is gaining momentum as exports and manufacturing strengthen, but subdued consumption and private investment leave the recovery narrowly based and its implications for European credit dependent on a broader pickup in domestic demand.
In the latest Credit Compass, Gordon Kerr examines what is driving Germany’s emerging recovery, whether improving business confidence can broaden the expansion, and how pension reform could reshape the country’s role in European capital markets. Listen to Gordon Kerr’s insights on: Apple | Spotify | YouTube or visit kbra.com/macrocredit…
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