11 Total Quotes

Andreas Rees Quotes

We are a long way from a self-sustaining recovery,
Andreas Rees
#Self

The health of the German economy remains strongly dependant on the global economy.
Andreas Rees
#Economy

It is unlikely that reform-minded politicians will have a lot to say in the new government.
Andreas Rees
#Government

In addition, they reduced debt heavily last year which makes them more flexible,
Andreas Rees
#Debt

People are expecting that they will be paying for the restructuring of the social system, and that is probably showing up in the numbers.
Andreas Rees
#People

These are very, very bad numbers. There is a risk that private consumption may have shrunk for a fourth consecutive quarter, which would be a new negative record.
Andreas Rees
#Risk

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.
Andreas Rees
#Sales

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.
Andreas Rees
#Energy

It would be nice to think this is happening all over Germany, but I just don't think that is the case. We don't see it in the numbers.
Andreas Rees
#Germany

People want to spend more but this may not continue into the future. For one thing incomes aren't rising and employment isn't increasing. That's why we think there will only be moderate growth in the months ahead.
Andreas Rees
#Future

There is a modest improvement in the labor market, but we won't get a significant increase in jobs. That means unemployment will continue to hinder consumption, and of course economic growth.
Andreas Rees
#Improvement