BERLIN—German business morale brightened in January as Europe’s largest economy started the new year with easing inflation and an improved outlook, a survey said on Wednesday. The Ifo institute said its business climate index rose to 90.2, in line with consensus according to a Reuters poll of analysts and up from a reading of 88.6…
German Recession Will Be Milder Than Expected: Ifo
BERLIN—Germany’s recession will be milder than expected, with the economy expected to contract by 0.1 percent in 2023 compared to a previous forecast of shrinking by 0.3 percent, the Ifo economic institute said on Wednesday. The economy is expected to grow by 1.8 percent in 2022 compared to a previous forecast of 1.6 percent. Inflation…
German Economy Appears Resilient After Ukraine War Shock: Ifo Economist
Germany’s economy appears resilient after the first shock following the war in Ukraine, said Ifo economist Klaus Wohlrabe, who added there was no sign of a recession in the first half. Supply chain problems remain a major problem for industry, with 75 percent of companies reporting problems, and three out of four retailers want to…
German Business Morale Dips for Sixth Consecutive Month
BERLIN—German business morale declined for a sixth straight month as Europe’s largest economy feels the effects of supply bottlenecks and COVID-19 restrictions, a survey showed on Friday. The Ifo institute said its business climate index fell to 94.7 in December from a revised 96.6 in November. A Reuters poll of analysts had pointed to a…
Germany’s Ifo Institute Slashes 2021 GDP Growth Forecast to 2.5 Percent
BERLIN—Germany’s Ifo economic institute has cut its growth forecast for Europe’s largest economy for this year as supply chain disruptions and a scarcity of chips and other intermediate goods are slowing down the recovery from the COVID-19 pandemic. The institute now sees Germany’s gross domestic product (GDP) growing 2.5 percent this year, down 0.8 percentage…
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