German business confidence rebounds, but economic growth prospects remain uncertain
白云追月素
发表于 2023-10-25 23:28:33
300
0
0
Germany's business prospects have improved, providing support for a moderate rebound in Europe's largest economy. But the country also faces the risk of a second recession in over a year. The Ifo Business Expectations Index rose to 84.7 in October, higher than the revised 83.1 from last month. This exceeds the median estimate of 83.5 in media surveys. The measurement indicators of the current situation also unexpectedly rose.
Clemens Foster, President of Ifo Research Institute, said in a television interview on Wednesday: "What we see here does indeed indicate that we have seen a certain degree of stability. The German economy will contract this year, but for the final quarter, we expect stability and slight growth
Germany has not achieved growth for over a year, and economist Fuel is even less optimistic, predicting that due to the energy crisis, Germany will experience contraction in the six months to December.
Manufacturing remains a weakness in the German economy. Chemical giant Lanxess AG announced last week that it will lay off 7% of its German employees due to energy shortages and plummeting global demand. This exacerbates the layoffs previously announced by BASFY. US. Volkswagen (VWAGY. US) has also lowered its performance expectations due to cost issues and supply disruptions.
The positive numbers mainly come from the service industry, such as IT and tourism
S& A business survey released by P Global on Tuesday showed that private sector activity contracted faster this month than in September, indicating a slowdown in economic growth and a decline in corporate and consumer confidence, which is unfavorable news for those who want to invest or operate. The deeper challenge is the rapid aging of German labor force and the need to shift trade relations from China to other countries, indicating that only slight growth can be achieved in the coming years. Some people are worried that Germany will repeat the mistakes of the "sick man" of Europe in the 1990s.
Senior officials, including Finance Minister Christian Lindner and German Federal Bank President Joachim Nagel, refuted this claim, stating that German industry can overcome the challenges it faces.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- ASML plans to expand production capacity and development capabilities at the Berlin chip manufacturing plant in Germany
- Deutsche Bank issues "Panda Bonds" again, optimistic about the development prospects and potential of RMB financing
- Rheinland Group and NIO have reached a power supply cooperation agreement
- ArcelorMittal is expected to receive subsidies from the German government to support its green transformation
- Deutsche Bank has raised the ADR rating of Ideal Automobile to its buy target price of $41
- GLP-1 Weight Loss Drug Production Capacity Warming Up: Lilly builds a factory in Germany for $2.5 billion and is expected to operate in 2027
- Goldman Sachs and Bridgewater warn of the risk of 'economic growth panic' in the US stock market
- Citibank raises South African economic growth forecast for 2024
- Volkswagen suddenly announced! Consider closing German factories to cut expenses
- The US economy grew slower than expected in the third quarter, and the market generally expects a 25 basis point interest rate cut next month
-
【英偉達の需要が高すぎる?SKハイニックス:黄仁勲がHBM 4チップの6カ月前納入を要求!】SKハイニックスの崔泰源(チェ・テウォン)会長は月曜日、インビダーの黄仁勲(ファン・インフン)CEOが同社の次世代高帯域 ...
- 琳271
- 前天 17:54
- 支持
- 反对
- 回复
- 收藏
-
ファイザーが前立腺がんを治療する革新薬テゼナ& ;reg;(TALZENNA®,一般名:トルエンスルホン酸タラゾールパーリカプセル)は2024年10月29日に国家薬品監督管理局(NMPA)の承認を得て、HRR遺伝子突然変異 ...
- 什么大师特
- 昨天 17:41
- 支持
- 反对
- 回复
- 收藏
-
南方財経は11月5日、中央テレビのニュースによると、現地時間11月5日、米ボーイング社のストライキ労働者が59%の投票結果で新たな賃金協定を受け入れ、7週間にわたるストライキを終えた。ストライキ労働者は11月12 ...
- Dubssgshbsbdhd
- 昨天 16:27
- 支持
- 反对
- 回复
- 收藏
-
【マスクはテスラが携帯電話を作ることに応えた:作れるが作らないアップルとグーグルが悪さをしない限り】現地時間11月5日、有名ポッドキャストのジョローガン氏のインタビューに応じ、「携帯電話を作るのは私たち ...
- 波大老师
- 昨天 14:41
- 支持
- 反对
- 回复
- 收藏