German economy nervous, but no sign of recession for now - Ifo economist
BERLIN, June 24 (Reuters) - Angst is growing in the German
economy, Europe's largest, but as yet there are no signs of
recession, Ifo economist Klaus Wohlrabe told Reuters on Friday.
The threat of gas shortages has increased firms' uncertainty
but bottlenecks in the industrial and retail sectors have eased
slightly, he said. The hospitality industry is hoping for a good
summer after the relaxation of coronavirus restrictions.
(Reporting by Rene Wagner
Writing by Paul Carrel
Editing by Thomas Escritt)
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