In Germany, the confidence of the business world for the economy, after increasing continuously in September, suddenly decreased in September.
The Economic Research Institute (IFO), based in Munich, has announced the results of the September of the German business survey, organized with the participation of about 9,000 companies.
Accordingly, the IFO business environment, 88.9 points in Germany last month, dropped to 87.7 points in September due to the decline in the current situation of the executives of the company and the expectations of the future. Therefore, an increase in index in 6 months was interrupted in September. The expectation of the market is that the index will increase to 89.3 points. In September, the IFO expected index decreased from 91.4 to 89.7 points and the current status index decreased from 86.4 to 85.7 points. In the IFO questionnaire, there is a report that there is a decline in the current situation and future expectations in the fields of manufacturing and new orders have been reduced again. IFO Chairman Clemen Fuest, in his assessment of the index, says that companies are less satisfied with their current job and their expectations are significant negative, ”decreases the expectations in the economy.” He said. Hauck Aufhauser Lampatbank Economic Expert Alexander Krüger said that in his analysis that the current business situation in Germany was as bad as the 2008 financial crisis and translated Kovid-19. Evaluate. The economy cannot develop The German economy narrowed 0.1 % in the second quarter after a growth of 0.3 % in the first quarter of the year. The economy maintains its fragility due to permanent weaknesses in the field of production, playing a bigger role, especially than other countries in the region. The economy has difficulty growth due to increasing interest rates, combined risks and structural changes.
