Economic Indicators
German economy nervous, but no sign of recession for now – Ifo economist
2022.06.24 11:46
FILE PHOTO: A steel coil receives its number by a worker at the ThyssenKrupp steel plant in Duisburg, Germany January 30, 2020. REUTERS/Wolfgang Rattay/File Photo
BERLIN (Reuters) – Angst is growing in the German economy, Europe’s largest, but as yet there are no signs of recession, Ifo economist Klaus Wohlrabe told Reuters on Friday.
The threat of gas shortages has increased firms’ uncertainty but bottlenecks in the industrial and retail sectors have eased slightly, he said. The hospitality industry is hoping for a good summer after the relaxation of coronavirus restrictions.
