Ifo Institute: Business climate in the East continues to cool down
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.
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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.