- Share valuations on both sides of Atlantic are still relatively high
- Sees appreciable increase in underlying momentum of German economy over Q4 2013-Q1 2014
- Residential property in big German cities probably overvalued by 25% on average but price rises don’t pose macroeconomic risk
- Increasing stimulus from foreign demand alongside robust domestic economy is crucial for the strengthening economic pickup
- Growth exceeded potential end of 2013 and capacities were well utilised
- Expects German economy to expand by 1.7% in 2014 and 2% in 2015
- Global economy should strengthen further in 2014
Buba out with it’s monthly report
