FILE PHOTO: Cars intended for export wait at the port for loading, as the spread of the coronavirus disease continues in Bremerhaven, Germany, April 24, 2020. REUTERS/Fabian Bimmer
BERLIN - The mood among German exporters recovered somewhat in May after a “catastrophic” April, the first full month of coronavirus lockdown measures in Europe’s largest economy, the Ifo institute said on Tuesday. “Virtually every sector still expects further declines, yet these will be less sharp than had been expected in the previous month,” the Munich think tank said in a monthly release.
The Ifo export indicator, based on a survey of around 2,300 manufacturing businesses, rose in May to -26.9 from -50.2. It is a net reading for respondents expecting an increase minus those who see a decline.
It will
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
German Court Orders VW to Compensate Customers Over Diesel Emissions ScandalGermany’s highest civil court ruled against Volkswagen in the first case brought by customers seeking damages in connection with the car maker’s emissions-cheating scandal, a landmark ruling that could herald further litigation against Volkswagen and some competitors. Good Progress through technology is a thing of the past. Thrid world country quality through Merkelanisme. Again Germany falls. volkswagen is awesome, they make great cars, long live the TDI
Source: WSJ - 🏆 98. / 63 Read more »
I Envy These Bolivian Orchestra Members Quarantining in a German Castle With Ghosts, WolvesCurrently, I am trapped in a tiny apartment above a very loud taco shop with a roommate recuperating from unexpected shoulder surgery, surrounded by thousand empty cans of PBR. I would much prefer to be at Rheinsberg Palace in Germany, permanent home to ghosts and wolves, and now the temporary home of several dozen members of a Bolivian orchestra. That’s right—ghosts and wolves. The Joan Aiken novel of my dreams!
Source: Jezebel - 🏆 153. / 63 Read more »
German government takes controls at Lufthansa with bailoutThe €9 billion deal to save Lufthansa turns the German government into the single largest shareholder in Europe’s second-largest airline Countries that nationalize major industries win. Capitalism always fails. Это неожиданно It's a nice plane with nice seats.
Source: politico - 🏆 381. / 59 Read more »
Lufthansa clinches $10 billion bailout from German governmentLufthansa and Germany have finalized the terms of a €9 billion ($9.8 billion) bailout, following weeks of intense negotiations over the future of Europe's leading global airline. The rescue package will give the government a 20% stake in the group. Original Memorial Day 2020 Poem JB 🇺🇸🙏 Aaaaaand goodbye Lufthansa. The United States if given to infected people, antibiotics and aspirin, The deaths will be zero .. But the United States should only give me a million dollars.
Source: CNN - 🏆 4. / 95 Read more »
German playground concept enforces social distancing for safety - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. This is so dystopic. This is getting utterly ridiculous.
Source: BusinessInsider - 🏆 729. / 51 Read more »
German business morale rebounds; state spending key to recoveryThe German economy is starting to recover as curbs to slow the coronavirus are lifted, a business morale survey showed on Monday, and separate output data pointed to the importance of government spending to support the recovery. Wish I lived there....... Ironically German tourist spending in Greece is their key to recovery
Source: Reuters - 🏆 2. / 97 Read more »