Ifo economist Wohlrabe: sticking to German GDP growth forecast, does not see a recession

Market news

24 June 2019

Ifo economist Wohlrabe: sticking to German GDP growth forecast, does not see a recession

Order books are well-filled in the construction sector but doesn't expect new ones
US-China trade dispute is the main cause of uncertainty
Brexit and Iran conflict are not playing a dominant role at the moment
Impact from Iran only if oil price rises significantly or tensions escalate considerably

Brent firmer above $65 on USD weakness, US-Iran rift - Danske Bank

Germany: ifo business climate index falls in June

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