Comments by Ifo economist, Klaus Wohlrabe, following the report earlier

  • Despite good business sentiment, there is increasing uncertainty among comapnies
  • If Turkish crisis is contained, that would be bearable for the German economy

Not much to gather from his comments this time around. Their expectations remain similar to last month and they see the German economy growing by 1.8% to 1.9% this year, a stark contrast from the over 2% growth expectations at the start of the year.