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Article: NO RESPITE FOR GERMAN COMMERCE.(Brief Article)
- Article from:
- Market Europe
- Article date:
- May 3, 2003
CopyrightCOPYRIGHT 2003 Media Contact Resources, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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German demand for goods and services will remain depressed pretty much across the board through 2003 as both internal and external sales remain depressed. Demand will be weakest internally as consumer confidence continues to be undermined by concerns over high unemployment.
German households will hold back on high-end spending as they wait for clear signs that a sustainable economic recovery is underway. It now looks as though such a recovery will not unfold until some time in 2004. Demand for durable goods should register year-on-year losses of about 2 percent through the remainder of the first half of 2003 before entering a no-growth pattern during the second ...