HRI Business Cycle Outlook: The economy is growing! Is prosperity too?
The economy is picking up a bit of steam. Is the upswing now also reaching the citizens? The Handelsblatt Research Institute remains cautious.
The German economy is experiencing an upswing, with economists predicting a 0.1% growth in the summer quarter and 0.3% in the final quarter. If these forecasts are correct, it would mark five consecutive quarters of growth, the longest streak since the end of the first Corona shock in 2021. The Ifo business climate has risen for five months, reaching 89.9 points, the highest since May 2023, with improvements in manufacturing, services, and trade.
However, the consumer climate remains low, with the HDE Konsumbarometer and GfK-NIM Konsumklimaindex showing significant concerns about economic issues, including prices, economic situation, and Germany's downward spiral.
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.
