Germany’s energy system is improving and ready for difficulties
2022.11.22 13:13
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Germany’s energy system is improving and ready for difficulties
Budrigannews.com – The head of Germany’s Ifo institute says that improvements in the supply of gas, in particular, are having an impact on the country’s economy.
Clemens Fuest stated that although “the most important point is that the gas supply situation has brightened considerably” and an unexpected month-to-month fall in producer prices are reasons for optimism, supply chain disruptions are less likely.
Fuest cited plans for liquefied natural gas (LNG) terminals, a warm October, and full gas storage facilities as positive factors.All of this suggests that things are looking up,” he said.
According to Fuest, his statements were not a prediction for the Ifo business climate index, which will be released on Thursday.
Analysts predict a slight rise in the index to 85.0 in November from 84.3 in October.
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