Berlin (dts news agency) – Despite the renewed rise in the Ifo business climate index, economists do not expect the economy to recover quickly and completely. “We have to be prepared for a second wave of insolvencies,” said Gabriel Felbermayr, President of the Kiel Institute for the World Economy (IfW), the “Handelsblatt” (Wednesday edition). The threatening consequences of a second wave of infections are apparently not yet factored in.
In the Ifo survey, the company bosses assessed both their situation and their business expectations for the coming months much more positively than before. The chairman of the economy, Lars Feld, considers an upswing without setbacks to be unlikely. “The decisive factor will be how the infection numbers develop and how the federal and state governments have to react,” Feld told the newspaper.
There are very different developments abroad that could lead to new burdens, but also to positive surprises for companies in Germany.