Thursday, 26 January 2012
IFO points to 2% growth in Germany
Even SocGen was in an enthusiastic mood: the IFO index (the best German indicator for the well-being in Germany) did rise so much that the recession in Germany is over(but recession, it was not that bad in Germany?).
The normal IFO was still saying that growth was positive In Germany, but with IFO expectations it went fat downhill: that was pointing to negative growth. But the Verelendung is already finished (when the ECB the value of the ECB holds down even when the FED will arrive with plenty of QE3) and the growth is according to the IFO c. 2% (annualised) in Germany.