Following the release of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that “the worry lines in the German economy are getting bigger.”
Additional quotes
Index has fallen significantly in industry and retail.
Expectations are more pessimistic.
Despite increased uncertainty, there are no signs of a recession at the moment.
Threat of gas shortages has increased companies' uncertainty.
Bottlenecks in industry have improved slightly, also in retail.
Price expectations have fallen slightly, but every second company plans hikes in next three months.
Export expectations have fallen slightly.
Mood at service providers, especially hospitality, has improved significantly.