China News Agency, Berlin, July 27 (Reporter Peng Dawei) The German Business Climate Index for July, published by the German Ifo Institute for Economic Research on the 27th, rose to 90.5, the third consecutive month of recovery. Feist, director of the ifo Institute for Economic Research, said this shows that the German economy is gradually recovering.
The ifo Institute for Economic Research in Munich is an authoritative German economic research organization. Its monthly business climate index is compiled based on the survey results of about 9,000 German business leaders. It is one of the most important weather vanes for observing the German economic situation.
Affected by the new crown epidemic, the ifo business climate index fell sharply from March to April this year, from 96 in February to 74.2 in April, and then rose slightly to 79.5 in May. It further rebounded to 86.3. in July. Germany has returned to above 90 for the first time since the outbreak of the new crown.
Pfister analysis pointed out that on the one hand, German companies' satisfaction with their current operating conditions has increased significantly, and on the other hand, they are "cautiously optimistic" about the development in the next few months. He said that the German economy is gradually recovering.
However, many German economists also reminded that the German economic recovery still faces many risks and challenges. Friedrich Köhler-Geeb, chief economist at KFW (KFW), pointed out that for a foreseeable period of time, the German economy is still far from the level before the outbreak of the new crown epidemic; at the same time, The epidemic situation in many places around the world is still severe, bringing huge risks to Germany, which is good at exporting.
Michael Holstein, an economist at DZ Bank in Germany, said that German companies are still a long way from returning to normal. Considering the risk of a second wave of epidemics in the next few months, people should still be optimistic. Be cautious. (Finish)