IFO’s Economist: German economy will not get around recession but it will be mild

Following the release of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that the “German economy will not get around recession but it will be mild.”

Additional quotes

45.4 percent of companies complained about supply chain bottlenecks in February (compared to 48.4 percent in January).

Share of german companies who want to increase prices has fallen.

German industry's export expectations are slightly down.

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