Holger Schmieding
Holger Schmieding
Holger Schmiedingis a German economist, the current Chief Economist at Berenberg Bank based at their London officeand a frequent broadcaster and commentator on economic affairs in the media. Before joining Berenberg, he was a Senior Economic Advisor to the International Monetary Fund, a Senior Strategist at the Bank of America and worked for Merrill Lynch, based in Washington D.C., London and Frankfurt. The Financial Times Deutschland placed him at the top of the list of 50 analysts for the proven...
cut economy growth percent raise taxes whenever
Whenever an economy is struggling, one should not raise taxes. New taxes will probably cut growth by 0.3 percent of GDP.
cut economy growth percent raise taxes whenever
Whenever an economy is struggling, one should not raise taxes, ... New taxes will probably cut growth by 0.3 percent of GDP.
britain champions harm learned local selling
Britain has learned that there is no harm is selling your local champions to foreigners.
absence against argue case decline effects further headline hike inflation key late leading near oil price rate round second spike
While the surge in key leading indicators strengthens the case for a further rate hike in the near future, the absence of second round effects from the oil price spike and the decline in headline inflation in late 2005 argue against any haste.
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We've just had the worst 24 hours for the European reform outlook in a long, long time.
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Faced with an extremely high euro and high wage costs, the companies stepped up their restructuring. When the euro declined last year, they suddenly found they could take on the world quite easily.
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The orders data confirm that demand is very robust and we expect a significant acceleration in output growth shortly.
hawks hikes pace preventing rate
There could have been a heated discussion, with the doves preventing the acceleration in the pace of rate hikes the hawks may have wanted.
dislike hike
I dislike the VAT hike tremendously, I don't think it's necessary.
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Six quarters of mostly below-trend growth are taking their toll. The trend in rising unemployment and muted wage pressures suggests underlying inflation in the UK could ease further, keeping the door open for a possible rate cut later this year.
bank chance cutting reasonable
There is a reasonable chance of the bank cutting rates.
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Growth looks more likely to stay below than to rise above 2.5 in the foreseeable future. A further decline in inflation, coupled with mediocre growth, will likely tilt the balance towards further rate cuts later this year.
declines french further
French unemployment is stabilizing. We see further declines in the jobless rate.
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Whatever the color of Germany's new government will ultimately be, the pace of structural reforms is likely to be slow.