- IFO’s Economist: Winter recession coming
Market news
25 October 2022
IFO’s Economist: Winter recession coming
Following the release of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that “a winter recession is coming.”
Additional quotes
63.8 % of companies complaining of supply chain bottlenecks in October vs 65.8% in September.
One in two companies still planning to increase prices in coming 3 months.
Export expectations of industry slightly improved.
Retailers' expectations at new record low.
Expect German GDP to shrink by 0.6% in Q4.
Market reaction
EUR/USD was last seen trading at around 0.9865, down 0.07% on the day.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page