Slowdown in Germany is only taking a break
Publish Date : 2019/09/24 - 09:13

A slight improvement in the Ifo business climate index does not suggest a change of trend, the Ifo institute said on Tuesday, adding that Germany economy is likely to shrink again in the third and stagnate in the fourth quarter.

“This is not the start of a change of trend, the slowdown is only taking a break,” Ifo’s Chief Economist, adding that no signs of improvement were to be seen for Germany’s industry.

The latest ECB decisions to further ease its monetary policy are unlikely to have a positive short-term impact on Germany’s economy, he said, adding that a recent rise in oil prices has hampered the sentiment in Germany’s chemicals industry.

Source: Reuters

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