SaxoTV

Germany in decline? Think again!

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May 27, 2015 10 year, 10yr, bond, bonds, bunds, business, business confidence, confidence, consumer, content, content video, daimler, dax, decline, deutschland, dresden, economics, economy, equities, equity, euro, europe, finance, fixed income, france, g7, g7 finance, gdp, german, german bund, german consumer confidence, german economy, german gdp, german growth, german investing, german shares, germany, germany decline, germany gdp, how to trade, ifo, index, interest rates, investing, macro, mads koefoed, ministers, news, news video, owen thomas, saxo tv, share picks, shares, stock picks, trading, tradingfloor.com, tv, volkswagen, vw
The German economy is doing just fine; that's the opinion of Saxo Bank's Head of Macro Strategy, Mads Koefoed. And that's backed up by figures this Wednesday that consumer confidence in the country has hit a thirteen year high. 
Figures early this month showed that German GDP had slipped to 0.3% for Q1. Mads says he's confident that reading was just a blip and other indicators suggest a rebound later this year. He's particularly positive about the auto sector and tells us why Daimler and VW remain in his equity portfolio.