German Ifo Weakened Further In November

Nov. 24, 2021 1:25 PM ET, , , , , , , 1 Comment
ING Economic and Financial Analysis
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Summary

  • Germany’s most prominent leading indicator, the Ifo index, dropped for the fifth month in a row in November, coming in at 96.5. The index now stands at its lowest level since February this year.
  • Both the current assessment and the expectations component weakened.
  • The fourth wave of the pandemic could now actually push the economy to the brink of stagnation, or even technical recession.

Germany Maintains Semi-Lockdown In Effort To Rein In Coronavirus Infections

Maja Hitij/Getty Images News

By Carsten Brzeski

The German economy entered the fourth wave of the pandemic with business confidence already worsening. Germany’s most prominent leading indicator dropped for the fifth month in a row in November, coming in at 96.5, from

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