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German business confidence dips on virus nerves

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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."

 

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