Caution fights to be heard in German upswing

What basically explains the German recovery is contained in an observation in the contrarian manner by Philip Whyte, a senior research fellow at the Centre for European Reform, remarking that "Germany resembles a bungee jumper in the spring-back phase." The German economy fell more deeply than any other industrial nation in 2009 and has naturally rebounded faster than its peers, Mr Whyte wrote last month. Would Germany therefore push domestic consumption, limit its imbalances, and play the role of an economic locomotive as urged at the G-20 summit meeting a year ago? No way, according to Mr Whyte.