Funding of social protection at risk Sustainable funding of social protection at risk Given the SPD’s priorities, the issue of social protection will likely be high on the agenda, too. So there is the risk that the new government – like the past Groko – will burden the social securityRead More →
A number of development projects However, as a result of a number of development projects, particularly in central Frankfurt, the city now has an above-average project development rate compared to the rest of the country. However, overcapacities are not anticipated in the short term. Increasing numbers of completions can beRead More →
China Property cycle critical Benefciaries of China’s consumption boom should therefore pay attention to the development of China’s property cycle. With the continued policy tightening in this sector, growth of property sales turned negative late last year while property prices softened in many cities. The consumption boom for luxury goodsRead More →
Bank-to-client relationship The bank-to-client relationship: empathy when “high impact decisions” are made Personal relationships remain crucial for any bank-to-client relationship. When making critical decisions, retail clients (e.g. Mortgage loans) and corporate clients (e.g. Complex financing instruments) alike will need professional, personalised advice. If “basic services” performed by robots will quicklyRead More →
Justify their transfer pricing by reference A further change in the law has established a legal basis for the growing expectation on taxpayers to justify their transfer pricing by reference to a range drawn from publicly or semi-publicly available comparisons. If the price under review falls anywhere within the range,Read More →
Gap between supply and demand unchanged While these efforts have helped to keep the gap between supply and demand unchanged, they have not narrowed it. There are numerous reasons for the low supply price elasticity in Frankfurt. Above all, there is a shortage of construction plots. The city already stretchesRead More →
Q4 2017 GDP details – foreign trade the key driver Slowing only moderately compared to Q3, German growth in the final quarter of 2017 was robust at 0.6% qoq. This was slightly above our expectations of 0.5%. Moreover, the Federal Statistical Office reported that the result for the third quarterRead More →
Housing boom – meaningful for China The wealth effect of the property bubble clearly has important implications for China. In the short term the housing boom provides meaningful support for the economy on the consumption side, which has boosted consumer confidence, imports, and short-term loans while even propping up retailRead More →
Overcapacities have been reduced However, these overcapacities have been reduced since 2010. This has only resulted in parts from tenant demand because take-up has been subdued between 2012 and 2015. Rather, it is more likely to be the result of a positive trend in special effects related to conversion –Read More →
A renewed Groko The impact from probably soaring government spending will likely be more felt. A renewed Groko seems to be willing to devote substantial funds to the widely demanded „modernisation“ of Germany’s infrastructure. All three parties advocate an increase in public investment especially on education, on the digital infrastructureRead More →
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