Jack Lew to press Germany to boost domestic demand

"The weak growth of domestic demand in Germany we think has impeded stronger, more balanced adjustment with the euro area and global growth more broadly," a senior Treasury official said ahead of Mr Lew's visit, suggesting the US administration continued to view this as a problem. The official noted that the European Commission had expressed similar concerns about Germany's economic policies.After the Treasury report was released in late October, Germany struck back with vigour against the criticism, saying no imbalances needed correcting and its current account surplus was "no cause for concern" for itself, the eurozone or the global economy.Mr Lew is likely to get a similar response this time. With the economy growing at a healthy clip by European standards and unemployment low, German officials see no need for dramatic boosts to consumption. 

German economists predict that the new government's planned pensions increases and minimum wage should modestly raise consumption – but will take time to implement.Meanwhile, the new coalition has promised to respond to calls for more investment in the country's creaking infrastructure, but only if there are no increases in taxes or debt.Jan Lambregts, global head of financial markets research at Rabobank International,When I reached the airport, the sheer numbers of people going in and Superhero Costumes out of its glittering gates with ease reassured me that transiting through this airport was merely a routine exercise. discusses the German economy following the release of the latest Ifo data and Merkel's election as Chancellor.The senior US Treasury official said that Mr Lew wanted to hear more detail from Mr Sch?uble on domestic economic reforms foreseen under the new coalition agreement" and would "continue conversations on which reforms have the best chance to boost domestic demand". 

The US will also press Germany and other eurozone countries to take further steps towards a banking union that it sees as essential to cushioning the bloc from another financial shock.The growing popularity of video conferencing at home, especially by millennials entering the workforce,Flag Zentai Suits is a big driver of increased preference for and adoption of video collaboration in the workplace, said Jim Kruger, EVP and Chief Marketing Officer at Polycom.Mr Lew has been Treasury secretary for less than a year, replacing Tim Geithner, and has gradually been gaining familiarity with his European counterparts. The health of the eurozone economy remains a key preoccupation for the Obama administration, but US officials have limited influence and face a tricky task in trying to push European governments towards certain policies without appearing to lecture them.Ted Truman, a senior fellow at the Peterson Institute for International Economics in Washington, says that meetings in Germany could help clear the air after the tensions over the currency report, though neither side is expected to back away from its views.See where you're doing well and use that information to help you with your next project Cheap corsets so that you know what to focus on first.