German IFO’s Economist: Latest fall in IFO index gives us some cause for concern

Following the launch of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe stated that the “latest fall in IFO index offers us some reason for concern.”

Additional quotes
Supply chain bottlenecks are placing groups underneath actual pressure, there is no signal of a let-up.

A clear majority of corporations plans rate increases.

Business sentiment for offerings zone has fairly deteriorated.

Hospitality and tourism sectors face tough 2-3 months.

We anticipate GDP stagnation in Q4.

EUR/USD nears 1.1200
EUR/USD is maintaining shut to the new 2021 low, presently buying and selling at 1.1223, down 0.20% on the day.


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