Ifo comments after the earlier investigation
- German recovery is more or less on the right track
- But the recovery remains fragile
- See GDP growth of around 7% in Q3
- German exporters are doing quite well considering the situation in other countries
The previous report certainly maintains optimism regarding the economic recovery, but it will be a real challenge to see how sustainable these conditions are, especially towards the end of the year.
So far, all of this keeps the risk mood more positive on this day, with the Yen slipping further and the Euro gaining further ground during the session.