Oliver Rakau (@oliverrakau) 's Twitter Profile
Oliver Rakau

@oliverrakau

Chief Germany Economist and ECB commentator @OxfordEconomics. All views very much my own.

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calendar_today18-07-2015 06:22:49

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Oliver Rakau
@oliverrakau

20 days ago

An interesting nugget from Germany's Q2 national accounts. Effective wages stagnated q/q in Q2, so it would take a huge pickup in H2 to reach the BuBa's 6% wage forecast. It's not impossible given the looming and already made wage deals. But IMO looks like downside risks apply.

An interesting nugget from Germany's Q2 national accounts. Effective wages stagnated q/q in Q2, so it would take a huge pickup in H2 to reach the BuBa's 6% wage forecast. It's not impossible given the looming and already made wage deals. But IMO looks like downside risks apply.