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madpenguin

Germans Bail Out Christmas With Biggest Splurge In Six Years

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Despite the bailouts not everyone's going without this Christmas:

Germans Bail Out Christmas With Biggest Splurge in Six Years

Just as Germany’s government bails out its European partners, so the country’s consumers are leading the Christmas cheer.

Germans will spend 76.9 billion euros ($105 billion) in November and December, 2.5 percent more than last year and the strongest growth since 2004, according to the HDE retail association. Deloitte LLP also said retail spending will rise “slightly,” even as most of western Europe contracts.

“Germany is an island of bliss within a pessimistic Europe,” Peter Thormann, head of Deloitte’s consumer business in Germany, said in an interview. “I haven’t seen this for the last 10 years at least.”

Edited by madpenguin

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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