Companies in Germany have significantly reduced their investment plans, according to the ifo Institute’s Business Survey. The ifo investment expectations for the current year fell to 2.2 points in November, down from 14.7 points in March. “The investment climate has deteriorated noticeably. This is the result of higher financing costs, weak demand, and uncertainty regarding economic policy,” says Lara Zarges, economic expert at the ifo Institute. Companies are also cautious about the coming year; with a balance of 1.2 points, the ifo investment expectations are actually slightly lower than this year.
Climate Crisis
George Monbiot: Level Down
The living world is being hit by everything at once: the only way to stop our full-spectrum assault on Earth systems is to reduce our economic activity. Read here
Economics
DeStatis: German inflation surges more than expected to 6.8%
Germany follows its strategy of fighting a demand side inflation, while experts explain it is the supply side that is the cause The Spanish inflation rate in June slowed sharply to 1.9%, which is below […]
Climate Crisis
Inside Climate News: Shipping Group Leaps Into Europe’s Top 10 Polluters List
Until this year, the EU’s top polluters were mostly coal-fired power plants. But shipping is among the few industries not covered by the Paris climate agreement. Read here The MSC Gulsun launched this year as […]
Be the first to comment