- Analytics
- News and Tools
- Market News
- IFO’s Economist: Likelihood that German economy will shrink again in Q2 has increased
IFO’s Economist: Likelihood that German economy will shrink again in Q2 has increased
Following the release of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that the “likelihood that German economy will shrink again in Q2 has increased.”
Additional quotes
Storm clouds are forming for the German economy.
Weak demand for industry, order backlog falling.
Industry export expectations are noticeably down, global rate hikes dampen demand.
Share of companies that want to raise prices has decreased further in June.
Likelihood that german economy will shrink again in Q2 has increased.
Market reaction
EUR/USD was last seen trading at 1.0891, modestly flat on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
