More gloom ahead for Germany's struggling car industry

Supplied

Germany's export-oriented car industry will not see a significant recovery from its current slowdown, the chief economist of Germany's Ifo institute said on Thursday. Germany's export dynamic is very weak, Klaus Wohlrabe said as the institute's business climate index, a key indicator of the economic sentiment in Europe's biggest economy, fell more than expected in May.

Wohlrabe said he did not expect the European Central Bank to intervene with stimulus measures, but there would be a political discussion in Germany on how to bring the economy back up to speed after the EU elections.

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.

SBV launches cash-in-transit industry hotlineThis provides a forum for the public, community groups, and security companies to report CIT incidents.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

The fossil fuel industry is killing our futureSouth Africa is one of the most unequal societies in the world. This inequality emerges strongly in the face of inescapable natural disasters and adverse weather events brought about by a changing climate. Read this open letter.
Source: mailandguardian - 🏆 2. / 92 Read more »

Miss Pru showing some love and opening the industry“It’s a track about finding love in a relationship or love in a friendship or the love in a family. It’s just basically a track about love.” | ThangoSays
Source: SowetanLIVE - 🏆 13. / 63 Read more »