Aufschwung in Deutschland weiter kräftig — Anspannungen nehmen zu
Expansion Continues to Be Strong
The business cycle upswing in Germany has gained strength and breadth. In addition to private consumption, the expansion is now also supported by investment and foreign trade. The latter benefits from growing exports to the euro area, where the economy is gaining momentum. Since the euro area upswing rests on solid fundamentals, the ECB should be able to start tapering without putting the economy at risk.
Döhrn, R., F. Fichtner, O. Holtemöller, S. Kooths and T. Wollmershäuser (2017), Aufschwung in Deutschland weiter kräftig — Anspannungen nehmen zu: Expansion Continues to Be Strong. Wirtschaftsdienst, 97, 10, 708-713