The mood of the German company bosses is clouding over


 The  second corona wave temporarily ended the recovery of the German economy.

© The  mood among companies in Germany worsened at the start of the year. ©

 The  Ifo business climate index fell in January to 90.1 points from 92.2 points in the previous month, as the Munich economic research institute announced on Monday for its survey of 9,000 managers. Economists polled by Reuters had expected a slight decrease to 91.8 points. “©

 The  second wave of corona temporarily ended the recovery of the German economy,” said Ifo President Clemens Fuest. ©

 The  managers judged the outlook for their businesses and their situation to be less favorable than recently.

Due to the corona pandemic, the German economy collapsed by five percent in 2020 as it had not been since the financial crisis and at the same time it shrank for the first time in eleven years. Economists believe that the economy will again see a noticeable improvement in the current year, but this depends heavily on the further course of the pandemic and the success of the vaccinations. So far, the federal government has officially expected growth of 4.4 percent for 2021, but is likely to lower its forecast to three percent in the new annual economic report on Wednesday, as Reuters learned last week.

(APA / Reuters)

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mood German company bosses clouding


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