Following the release of IFO’s latest German business survey, institute economist Klaus Wohlrabe has said the economy is starting the new year with little confidence.
Additional comments:
“We wait a stagnation of GDP in the first quarter“.
“The industry remains well positionedIt wants to do more and export expectations have increased ”.
“Retail has collapsed“.
“Many service providers also see affected by the blockade, including transportation and logistics. “
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