ifo indices up; economy “growing strongly”

24 June 2021

 

Summary: ifo business climate index up again in June; above expected figure; expectations, current conditions indices both up; economy “growing strongly at present”; expectations index implies euro-zone GDP growth in September quarter of 3.7%.   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...

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