Second wave interrupts German recovery

24 November 2020

 

Summary: ifo business climate index down again in November; less than expected figure; ifo president says second wave has interrupted German recovery; vaccine news “hasn’t altered outlook for most businesses.”   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 survey, falling precipitously. The...

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