IFO economist, Klaus Wohlrabe commented on Monday’s disappointing reading of German IFO business climate index, which fell to 94.3 in August and recorded its weakest reading since November 2012. Key quotes: “¢ German industrial sector is in a recession, the services sector is now following. “¢ There will be GDP stagnation at most in Q2 at most. “¢ The last time industrial companies demonstrated such pessimism was back in 2009. “¢ Latest developments in trade war not yet reflected by the latest survey. “¢ The business climate has improved in the auto sector but has significantly worsened in engineering, chemicals and electrics. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Trade wars come to haunt EUR/USD Yohay Elam 4 years IFO economist, Klaus Wohlrabe commented on Monday's disappointing reading of German IFO business climate index, which fell to 94.3 in August and recorded its weakest reading since November 2012. Key quotes: "¢ German industrial sector is in a recession, the services sector is now following. "¢ There will be GDP stagnation at most in Q2 at most. "¢ The last time industrial companies demonstrated such pessimism was back in 2009. "¢ Latest developments in trade war not yet reflected by the latest survey. "¢ The business climate has improved in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
