German business confidence dips on virus nerves

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 86%

Business News News

Business Business Latest News,Business Business Headlines

Companies in Germany are 'considerably more skeptical regarding developments over the coming months.'

about the second wave of the coronavirus pandemic, a closely watched survey showed on Monday, October 26.September"Sentiment among business leaders has clouded over... Companies are considerably more skeptical regarding developments over the coming months," Ifo president Clemens Fuest said.

The figure"is not weak enough to fear another collapse of the economy," said Carsten Brzeski at ING, but the outcome"definitely marks the end of the rebound and the start of double-dip [recession] fears." "Everything seems like a déjà-vu experience," KfW economist Fritzi Koehler-Geib said."It's therefore not surprising that the business climate is clouding over."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As distance learning kicks in, dorms, review centers lose business due to pandemicThe shift to remote learning created a ripple effect throughout the education sector, affecting businesses that primarily cater to students. Read this in-depth piece by Michelle Abad and Bonz Magsambol:
Source: rapplerdotcom - 🏆 4. / 86 Read more »