German business confidence slips on tighter lockdown | Malay Mail

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BERLIN, Jan 25 — German business confidence declined in January, a key survey showed today, after Europe’s top economy toughened measures to fight a second wave of the pandemic and new coronavirus variants. The Ifo institute’s monthly confidence barometer, based on a survey of 9,000...

Germany last week announced tougher restrictions, including mandatory medical masks on public transport. — Reuters pic

“The second wave of Covid-19 has for now stopped the rebound in the German economy,” Ifo president Clemens Fuest said in a statement. Germany has recorded over two million cases since the start of the pandemic, and more than 50,000 deaths. Florian Hense, an analyst with Berenberg Bank, said Germany needed to bundle up for a “dark winter” but could look forward to better prospects in the second quarter.

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