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Ifo economist expects German GDP to stagnate in Q4 -Breaking

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© Reuters. FILEPHOTO: On October 25, 2021, a commuter train passed by Frankfurt’s skyline, in Frankfurt. REUTERS/Kai Pfaffenbach/File Photo

BERLIN, (Reuters) – The largest European economy, Germany, will stagnate during the last quarter of 2018, as supply chains bottlenecks are not showing any signs of easing up. Klaus Wohlrabe from Ifo told Reuters that Wednesday.

Wohlrabe noted that Ifo’s business environment index dropped in November, which gave cause for concern to the economic institute. Wohlrabe also stated that it was likely the tourism and hospitality industries will face tough times in the months ahead. He said that price rises will likely ease starting in January.

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