According to a survey by the German Institute for Economic Research, German business confidence improved in October. Deutsche Bank economists said that it is worth noting that the survey results showed that the manufacturing industry has begun to recover, and the manufacturing industry has been the main factor dragging down economic growth. Furthermore, IFO and PMI surveys may have underestimated the current state of the economy. In the third quarter, weak survey results predicted a recession. However, economists wrote in a report that the economy is more likely to stagnate during this period. “We believe there is no consensus on whether the German economy will contract in 2024.” They added that it may be too early to infer these positive sentiment signals given the upcoming critical US elections.

Zhitongcaijing · 10/25 11:57
According to a survey by the German Institute for Economic Research, German business confidence improved in October. Deutsche Bank economists said that it is worth noting that the survey results showed that the manufacturing industry has begun to recover, and the manufacturing industry has been the main factor dragging down economic growth. Furthermore, IFO and PMI surveys may have underestimated the current state of the economy. In the third quarter, weak survey results predicted a recession. However, economists wrote in a report that the economy is more likely to stagnate during this period. “We believe there is no consensus on whether the German economy will contract in 2024.” They added that it may be too early to infer these positive sentiment signals given the upcoming critical US elections.