In terms of timing the ECB got lucky, if it still had to announce it tomorrow, given all the strong data we've had, the backlash, especially from Germany, would have been much more severe than it was in January. Christian Schulz More Quotes by Christian Schulz More Quotes From Christian Schulz This will stick with the United Kingdom economy for a long time. Christian Schulz top-news But it's a reminder that Germany's growth at the moment is driven by consumption and not by the manufacturing backbone of the economy which at least at the beginning of year should somewhat dampen the growth outlook. Christian Schulz industrials Because of cheap oil and the weaker euro and very low funding costs we expect things to gradually improve in the economy and then to grow with all its pillars - investment, consumption, exports in the second half of the year. Christian Schulz industrials Everyone got caught up in the debate of deflation, Greece and the Ukraine crisis and so expectations were quite low, it now seems the deflation story is a positive one for the euro zone since cheaper oil means consumers spend less on energy and have more money in their purse. Christian Schulz business
