Germans pessimistic about the future – research ...News

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Germans pessimistic about the future – research
source : Russia Today ( News ) () 17
The country is on the brink of a recession, according to a new survey by a German think tank The business climate has substantially worsened in Germany, with industries feeling increasingly concerned about the coming months, according to a survey by a German think tank released on Monday.  “Higher energy prices and the threat of a gas shortage are weighing on the economy. Germany is on the cusp of a recession,” reads the release by the Ifo Institute. The ifo business climate index fell from 92.2 in June to 88.6 in July, the lowest point since June 2020 – the height of the coronavirus pandemic – and follows over a

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