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(Bloomberg) Germany’s economic prospects are looking up after two grueling years of near-zero growth. The consumer-led revival, though, papers over enduring industrial weakness for which there’s no quick fix.Most Read from BloombergPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldThe Long, Slow Death of Urban NightlifeApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesWall Street Humbled as Fast-Rever ....
(Bloomberg) Germany’s economic prospects are looking up after two grueling years of near-zero growth. The consumer-led revival, though, papers over enduring industrial weakness for which there’s no quick fix.Most Read from BloombergPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingWall Street Humbled as Fast-Reversing Markets Confound the ProsApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesThe Long, Slow Death of Urban NightlifeJavier Milei Fuels Wild Rally ....
Ifo index fell: German economy is stuck in recession. Business climate deteriorated in retail, with the index falling to its lowest value since October 2022. Both the current situation and expectations were more pessimistic. Construction industry is a “problem child” There is also a bad mood in the construction industry. Inflation and high financing costs are hitting potential house builders particularly hard. A ray of hope is that in the final stages of the 2024 budget planning, additional funding was apparently allocated for the construction of multi-family houses. ....
Food price inflation in Germany soared to its highest level on record in July though the overall pace of price growth eased slightly, according to the country's statistical agency. ....