Sep 26, 2024
News from the editorial
Industry in distress.
The core sectors of German industry are in trouble, according to the ifo Institute's latest business climate index for September. In fact, the business climate has been trending downwards since mid-2021 and has now reached its lowest level since the deep recession of 2008/2009 - at least if the three extreme coronavirus shock months in spring 2020 are excluded. The situation is bad, the lack of orders has worsened and expectations in the boardrooms are becoming increasingly pessimistic. A month…