Volker Wieland: German consumers won't stay in buying mood permanently (ZDF-heute)

The strong upturn in the German economy continues driven to a large extent by strong domestic demand. "The situation is not permanent", Volker Wieland warned in an interview with the German TV program "ZDF-heute". A series of special factors contributed to this.

Private consumption may remain strong for a while. It is closely linked to a series of special factors such as low interest rates and high demand from foreign countries. "However, we must expect economic growth and the growth in private consumption to decline again", Wieland said.

TV Interview with Volker Wieland (in German)
ZDF heute: Feature on private consumption (Start at 07:36 min.)