Following the release of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that “the German economy is starting the year with cautious optimism.”
Additional quotes
Probably won't be a recession, but GDP will probably shrink slightly in Q1 – mainly due to consumption.
48.4% of companies complained in Jan about supply bottlenecks vs 50.7% in Dec.
Inflationary pressure is easing; balance of companies wanting to raise prices falls to 35.4 points (December 40.1).
Companies' export expectations have brightened somewhat, cautious optimism is spreading.
- EUR/USD: 1.0850 emerging as a short-term floor – ING