IFO economist out with his post-survey comments
- German economy does not appear to be affected by weak data from emerging markets
- export expectations remain positive
- diesel emissions scandal does not appear to be having an impact
Really?
- influx of refugees not having an impact on business sentiment
Of course not. Cheap labour rarely does.
Private consumption in Nov but revised down by the same margin (0.1%) in October according to the earlier Q3 GDP finals while domestic demand showed good improvement qq
