![Rising costs strike at German competitiveness Rising costs strike at German competitiveness](https://www.cer.eu/sites/default/files/styles/spotlight/public/images/spotlight/in_the_press/2015/germany_euro_sl-1438333414.jpg?itok=zsCNutoq)
Rising costs strike at German competitiveness
"Rising wages are a resolutely positive thing," said Simon Tilford, deputy director of the CER. "But we will need to see several more years of reasonably strong German wage growth in order to have a meaningful impact on the imbalances in the German economy."