Ifo economist Klaus Wohlrabe comments after the Ifo report earlier
- Does not see April survey result as a change in trend for German economy
- 5th drop in a row for Ifo reading is a sign of normalisation
- We are far from a recession
Well, as long as they are far from a recession it means that everything is okay right? Although economic data is still relatively decent - in comparison to prior years - you really have to wonder if the same level of optimism can be held up if Q2 data points also disappoint in similar fashion.
