ifo index suggests “much more to come”

26 April 2021

 

Summary: ifo business climate index up again in April; under expected figure; expectations index declines, current conditions index up; index consistent with positive euro-zone GDP growth.   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...

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