“German recession worries deepen as confidence slumps – latest updates”
June 26, 2023
“Germany risks staying mired in recession this year after a closely-watched barometer of business activity slumped in June. The decline, led by a “substantial” decline in manufacturing, saw the closely-watched Ifo business climate index slump to 88.5 in June following May’s reading of 91.5…
Carsten Brzeski at ING said the “collapse” in activity suggested “the rebound of the German economy has ended before it ever really began”. He added: “The weaker-than-hoped-for Chinese reopening, a looming US recession and ongoing monetary policy tightening seem to be weighing on German company sentiment…”
https://finance.yahoo.com/news/rouble-tumbles-15-month-low-061331648.html