Germany Business Shrugs off Banking Crisis, Inflation and Strikes – Ifo

Despite constant negative headwinds in Germany sentiment in German business has improved. The Ifo Business Climate indicator for Germany increased to 93.3 in March of 2023. The index is the highest since February of 2022 beating market forecasts of 91 and up from 91.1 the previous month. Confidence among businesses rose for a fifth consecutive month, despite the recent banking turmoil surrounding Deustche Bank, inflation, strikes and borrowing costs. This upward development was driven primarily by business expectations; companies also … Continue reading “Germany Business Shrugs off Banking Crisis, Inflation and Strikes – Ifo”