Economic Briefing/Economic Insights
To-the-point economic analysis by Commerzbank's research team
© Commerzbank
25 July 2024
Ifo – cold shower
The unexpectedly significant decline in the Ifo business climate (87.0 after 88.6) is another cold shower for economic optimists. The easing pain from past rate and energy price hikes has not yet helped the economy, partly because companies are suffering from the long-standing erosion of Germany as a business location. For the second half of the year, we see an anemic upswing at best. Many economic forecasts are still too optimistic.
