• IFO’s Economist: A recession in Germany is still on the cards

Noticias del mercado

25 agosto 2022

IFO’s Economist: A recession in Germany is still on the cards

Following the release of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that “a recession is still on the cards.”

Additional quotes

Sentiment on trade is really poor, burdened by high inflation.

The good news this month is that supply chain bottlenecks in the industry have eased significantly.

No all-clear yet on supply chain bottlenecks, but good sign this month.

62.0% of industry businesses complained about material shortages and bottlenecks (vs 73.3% in July).

Almost half of companies aim to raise prices in coming three months.

Export expectations in industry down slightly; firms do not see dynamic development in exports in coming months.

Market reaction

EUR/USD was last seen trading at around 1.0000, adding 0.35% on the day.

Enfoque del mercado
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 disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: