Ifo economist says supply shortages in industry sector worsened this month

Author: Justin Low | Category: News

Adds that there is no sign that the shortages will ease

Germany
  • Supply crisis to last until at least the end of the year
This just adds to more of a passive outlook on the economy towards Q4 and more so for Germany, which relies heavily on its industry/manufacturing sector.

Not only that, as long as supply bottlenecks continue to persist, expect that to keep cost/price pressures elevated and that will translate to higher consumer inflation still.

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