Today: ifo Chief: Economic recovery on shaky ground | Biontech founders on the verge of restart
Germany's economy is growing more strongly again in the short term. Ifo President Clemens Fuest puts this development into perspective. Also: Why the restart of the Biontech founders entails risks.
Leading economic researchers have upgraded their forecast for Germany's economy, now predicting 1.3% growth for this year, up from 0.6%, and 1.1% for 2027. The upgraded forecast is partly due to stronger exports to other EU countries. The ifo business climate index, a key indicator of German economic sentiment, also showed improvement in September.
However, Clemens Fuest, president of the ifo Institute, expressed doubts that the growth is sustainable, calling it a "costly" recovery. Meanwhile, Biontech founders Uğur Şahin and Özlem Türeci are embroiled in a dispute over patents, money, and employee futures following their departure from the company.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
