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.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services