around the turn of the year even though governments have largely avoided the debilitating measures that brought their economies to a standstill a year ago.
“Unfortunately, this is where the rebound of German industry stops for the time being. The fourth wave of the pandemic and Omicron should send industrial activity back into hibernation,” ING economist Carsten Brzeski said.In a rare bright spot for the bloc, retail trade unexpectedly rose in November, indicating that at least consumers remained optimistic going into the Christmas shopping season.
When the economy rebounded from its initial pandemic shock last year, price growth took off, primarily as oil and gas prices jumped.
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