Ifo chief economist, Klaus Wohlrabe was out with some comments on the latest German business climate survey, released earlier today, and said that it will be difficult to achieve German growth forecast of 0.6% in Q4, though stuck to a full year growth forecast of 1.7%.
Key points:
“¢ Export expectations fell significantly in October.
“¢ Car industry emissions problems are hurting the business climate.
“¢ Trade conflict and Brexit are still the main factors for uncertainty.
“¢ So far no sign that Italy’s budget row is affecting German business climate.
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