German economy betting on end of virus crisis: ifo

22 February 2022

 

Summary: ifo business climate index up 2.9 to 98.9 in February, above expected figure; expectations, current conditions indices both up; German betting on end of coronavirus crisis; expectations index implies euro-zone GDP expansion of 1.4% in year to May 2022. Following a recession in 2009/2010, the ifo Institute’s Business Climate Index largely ignored the European debt-crisis of 2010-2012, mostly posting average-to-elevated readings through to early-2020. However, the index was quick...

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