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22 February 2018
 |
| Germany parliament europe (The Total Investment & Insurance
Solutions) |
German business confidence dropped sharply in February amid increasing
concerns about both domestic and international risks.
The Munich-based Ifo Institute said Thursday its business climate
indicator fell to 115.4 points in February from 117.6 in January, while noting
it remained near historic highs. The
Total Investment & Insurance Solutions
ING economist Carsten Brzeski says the figures show concerns about
"market turmoil, the political impasse in Berlin and new fears of a
protectionist wave from the U.S. as well as the U.S. tax reform" are
beginning to take their toll.
Despite the risks, he says "the economy should maintain its strong
momentum."
He says company's "order books are still richly filled and the
domestic momentum remains strong."
The Total Investment & Insurance Solutions
The survey is based on about 7,000 responses from firms in
manufacturing, construction, wholesaling and retailing.The Total Investment & Insurance Solutions
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