Reported 6 months ago
According to a survey by the Ifo institute, German business morale stagnated in May, with the business climate index remaining constant at 89.3, below the forecasted 90.4. This suggests a slow recovery for Germany's economy, with companies feeling less satisfied with the current business situation. Experts anticipate a gradual improvement in the economy fueled by wage growth, although the recovery is expected to be moderate due to concerns about the country's declining business quality. The European Central Bank is considering a rate cut for the euro zone in response to inflation trends.
Source: YAHOO