Apr 24, 2024
News from the editorial
Economic recovery ‘on track’.
We wrote here a month ago that the German economy should have bottomed out in February. The ifo Business Climate Index data for April supports this assessment. Sentiment among companies continued to improve last month, and the stabilisation process of the economy is still proceeding according to the textbook. This can be seen most clearly in the ifo Business Cycle Clock. The German economy is still in the crisis quadrant. However, in April the indicator made a big leap towards the recovery…