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Ifo Institute says German economic sentiment improved in November The Ifo institute’s German business climate index rose to 86.3 in November from 84.5 in October. “While companies were somewhat less satisfied with their current business, pessimism about the coming months has declined sharply. The recession may be less severe than many expected,” said IFO President … Read more

Investors evaluate the course of the interest rate

Manfred Knauf, CEO of Commerzbank, says that the bank is preparing not for a catastrophe, but for a mild recession Commerzbank CEO Manfred Knof said the bank had prepared for a “mild recession” and that it expected an increase in non-performing loans, but that it was “certainly not a disaster or a default problem”. “We’ve … Read more