Following the publication of IFO’s latest German business survey, the institute’s economist, Klaus Wohlrabe, has said the economy is getting more nervous amid rising coronavirus infections.
Additional comments:
We anticipate growth of 2.1% in the fourth quarter.
The growth forecast excludes a second blockage.
Closing schools and daycare would have a massive impact on the economy.
Export expectations have deteriorated due to the latest virus situation.
The automotive sector is an exception to the pessimism of the economy in general.
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Credits: Forex Street
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