UK markets close in 7 hours 34 minutes
  • FTSE 100

    7,187.46
    +79.69 (+1.12%)
     
  • FTSE 250

    18,736.98
    +142.50 (+0.77%)
     
  • AIM

    876.06
    +1.47 (+0.17%)
     
  • GBP/EUR

    1.1714
    +0.0014 (+0.12%)
     
  • GBP/USD

    1.1943
    +0.0021 (+0.17%)
     
  • BTC-GBP

    17,106.39
    +158.27 (+0.93%)
     
  • CMC Crypto 200

    444.29
    +8.77 (+2.01%)
     
  • S&P 500

    3,845.08
    +13.69 (+0.36%)
     
  • DOW

    31,037.68
    +69.86 (+0.23%)
     
  • CRUDE OIL

    99.10
    +0.57 (+0.58%)
     
  • GOLD FUTURES

    1,741.90
    +5.40 (+0.31%)
     
  • NIKKEI 225

    26,490.53
    +382.88 (+1.47%)
     
  • HANG SENG

    21,590.17
    +3.51 (+0.02%)
     
  • DAX

    12,783.88
    +189.36 (+1.50%)
     
  • CAC 40

    6,007.18
    +94.80 (+1.60%)
     

German economy nervous, but no sign of recession for now - Ifo economist

FILE PHOTO: ThyssenKrupp steel factory in Duisburg

BERLIN (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)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting