A strong labour market, higher wages and lower inflation will combine to bring Germany a record holiday season, with sales on track to rise 1.2% over last year, according to Germany's HDE retail association. "There are signs that the German economy will grow more strongly in 2014 -- and this pickup will make its way into the wallets of consumers via new jobs and good wages," said Thomas Harms, leader of Ernst & Young's retail department for Germany.

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