German IFO’s Economist: Latest fall in IFO index gives us some cause for concern
|Following the release of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that the “latest fall in IFO index gives us some cause for concern.”
Additional quotes
Supply chain bottlenecks are putting companies under real pressure, there is no sign of a let-up.
A clear majority of companies plans price increases.
Business sentiment for services sector has notably deteriorated.
Hospitality and tourism sectors face difficult 2-3 months.
We expect GDP stagnation in Q4.
EUR/USD nears 1.1200
EUR/USD is keeping close to the new 2021 low, currently trading at 1.1223, down 0.20% on the day.
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