Germany ‘looking towards’ recovery as industry drives up business morale in Feb ...Qatar

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Germany ‘looking towards’ recovery as industry drives up business morale in Feb
German business morale rose far more than expected in February, bouncing back from a 6-month low in January thanks to a brighter industrial outlook and well-stocked order books, the Ifo economic institute said yesterday. Ifo said its business climate index increased to 92.4 from an upwardly revised 90.3 in January, hitting its highest level since October and surpassing even the strongest forecast in a Reuters poll of analysts. “The German economy is looking towards recovery again,” Ifo economist Klaus Wohlrabe told Reuters. Germany, once a role model for fighting the Covid-19 pandemic, has struggled with the second wave. A month ago this still weighed heavily on sentiment. But Wohlrabe said

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