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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.