German Economic Weakness Is ‘Becoming Chronic,’ Ifo Says

Ifo President Clemens Fuest discusses the institute’s latest index on German business confidence which fell more than economists expected in December. “The German economy is not in a slump, so it’s not going down very quickly,” Fuest says on Bloomberg Television. “It’s stagnating, and it’s been stagnating for a long time,” he adds. “And the focus of this stagnation is really in manufacturing, where things are just not getting better.”

Source link