Clemens Fuest
Photo: Institut der deutschen Wirtschaft Köln, CC BY 2.0 (Wikimedia Commons, cropped)
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- 4d ago
German business sentiment rises for sixth month to 90.2 points despite pricey energy
The Ifo business climate index rose 0.3 points to 90.2 in October, its highest level since spring 2023, with manufacturing driving the gain despite high energy prices.
- Oct 12
Robert Hall and Michael Woodford win 2026 Nobel economics prize for macro stabilisation work
The Royal Swedish Academy of Sciences named Robert Hall and Michael Woodford on Monday, 12 October, for work on the microeconomic foundations of macroeconomic stabilisation. The prize is worth 12 million Swedish kronor, about one million euro.
- Sep 24
German institutes double 2026 growth forecast to 1.3% as business sentiment rises
Germany's leading economic institutes raised their 2026 GDP projection to 1.3%, driven by higher defense and infrastructure outlays alongside export demand for artificial intelligence data equipment.
- Jul 27
Ifo business climate rises to 86.6 in July, beating forecasts despite Hormuz conflict
The Ifo business climate index climbed 0.9 points to 86.6, its third straight monthly gain, while the expectations gauge surged. Yet economists warn the survey largely missed the latest oil price spike and the Straits of Hormuz standoff.
- Jun 16
US and Iran agree on framework to end war and reopen Strait of Hormuz, boosting markets
A framework agreement between the United States and Iran to end the months-long war and reopen the Strait of Hormuz sent oil prices down 5% and lifted global stock markets on Monday, though economists cautioned that the economic damage would take time to heal.
