German IFO’s Economist: Economy is robust in face of uncertainty

Following the release of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that the “economy is robust in face of uncertainty.”

Additional quotes

German economy appears resilient after first shock following Russian invasion of Ukraine.

Mood in German economy has stabilised on a low level.

Supply chain problems remain a major problem for industry.

75% of companies reporting problems with supply chains.

Index for manufacturing has recovered after last month's fall.

Conditions in services sector have improved significantly.