Economist: The German economy has shown encouraging signs of recovery.

Jinshi Data, October 25th news, economist Borg at Deutsche Revival Credit Bank Research Company said in a report that the German economy has shown signs of welcome recovery. After the IFO Economic Climate Index declined for four consecutive months, it improved in October. Indeed, the German economy is likely to stagnate more or less in 2024, just like last year, he said. However, the improvement in household purchasing power and the decline in interest rates will bring a moderate recovery at least in 2025, and the annual growth rate should return to positive levels. Borg added that the deterioration of the labor market may now pose a significant threat to economic recovery.

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