Ifo President Clemens Fuest discusses the institute’s latest gauge of German business confidence which improved to its highest level in a year — reinforcing recent signs that Europe’s largest economy is exiting two years of struggles. Even so, the start of the year “didn’t go great,” according to Fuest. “What we’re seeing at the moment confirms the forecasts, which are saying that growth will be weak in Germany, but at least it won’t be negative,” he said on Bloomberg Television.
For more on this story, please see: https://www.bloomberg.com/news/articles/2024-04-24/german-business-outlook-hits-one-year-high-as-economy-heals
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