German recovery halted “for now”: ifo

25 January 2021

 

Summary: ifo business climate index down in January; less than expected figure; ifo president says second wave brings German recovery “to a halt for now”.   Following a recession in 2009/2010, the ifo Institute’s business climate index largely ignored the European debt-crisis of 2010-2012, remaining at average-to-elevated levels through to early-2020. However, the index was quick to react in the March 2020 survey, falling precipitously. The rebound which began in...

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