After the publication of the German IFO Business SurveyInstitute economist Klaus Wohlrabe said that the “economy is robust in the face of uncertainties”.
Additional citations
After the first shock after the Russian invasion of Ukraine, the German economy is showing resilience.
The mood in the German economy has stabilized at a low level.
Supply chain issues remain a major concern for the industry.
75% of companies report problems with supply chains.
The manufacturing index has recovered after last month’s decline.
Conditions in the service sector have improved significantly.
EUR/USD reaction
EUR/USD is maintaining its recovery mode around 1.0750, down 0.43% at the time of writing.
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