Ifo Institute: Business climate in the East stagnates
The mood in the East German economy has hardly changed and remains at a low level. The individual sectors do not expect any fundamentally positive developments for the time being.
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The mood in the East German economy has hardly changed and remains at a low level. The individual sectors do not expect any fundamentally positive developments for the time being.
Sentiment for the East German economy is falling slightly overall. However, the service sector and the construction industry expect more positive business developments in the future.
The sentiment barometer for the East German economy continues to fall. While industry rated their business better, the assessment in the construction and service sectors was worse.
The sentiment barometer for the regional economy in eastern Germany continues to fall. Both the current situation and expectations are rated worse.
Joachim Ragnitz, vice president of the Ifo Institute in Dresden, points to weaknesses in Saxony's economic competitiveness. Low wages and infrastructure deficits are criticized.