While March’s fall in German unemployment was welcome news, we suspect that renewed rises lie ahead this year as ‘kurzarbeit’ subsidies begin to expire for many workers. However, given that most of these workers are from the hardest hit sectors such as manufacturing and construction, the potential impact on office demand is likely to be small.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.