East German economy: Slight deterioration in the business climate
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.
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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 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.