BERLIN (Reuters) -German business morale stagnated in May, a survey showed on Monday, falling short of a forecast improvement and suggesting the recovery of Germany's economy this year will be slow progress. The Ifo institute said its business climate index remained constant in May at 89.3, compared with a reading of 90.4 forecast by analysts in a Reuters poll. "The Ifo index, Germany’s most prominent leading indicator, just illustrated that the cyclical bottoming out will not automatically be followed by a strong recovery," said Carsten Brzeski, global head of macro at ING.
(Bloomberg) The euro zone’s economy is waiting for a resounding vote of confidence from its own consumers for its long-awaited rebound to finally take shape.Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackFrance’s Macron Calls for Reset of Economic Ties With ChinaBuffett Praises Apple After Trimming It, Drops Paramount StakeTreasury Rally Risks Running Into a $125 Billion Brick WallXi Begins Europe Tour in Paris as Macron Seeks to Reset TiesWith employme
By Paul Hannon and Ed Frankl The eurozone economy had a stronger-than-expected return to growth at the start of the year as inflation cooled, a sign that the currency area is starting to.
Russian officials warned their German counterparts in the spring of 2022 that a decision to reject cheap and reliable Russian pipeline gas in favor of tanker-shipped liquefied natural gas would cause manufacturers from the European industrial powerhouse to flee for better climes. Two years on, these warnings have become reality.