Ifo Sees ‘Lower Growth,’ But No Recession in Germany

Ifo President Clemens Fuest discusses Germany’s business outlook as an expectations index by the institute rose to 83.8 in May from a revised 83.5 the previous month. “Businesses are trying to adapt to this new situation,” he says. Speaking on Bloomberg Television, Fuest adds: “We see lower growth in Germany, but we don’t see a recession.” (Source: Bloomberg)