Comments by Ifo economist, Klaus Wohlrabe

  • Uncertainty has increased further, Brexit is at the top of the agenda
  • Export expectations have reached lowest level since November 2016
  • Private consumption could be better given increases in income, employment

He's providing more details from the earlier report here. The noticeable thing is that he stopped hinting at a turnaround/rebound in the German economy this time around. This was his message last month.