BERLIN (Reuters – Germany’s economy seems resilient following the shock that followed the conflict in Ukraine. Klaus Wohlrabe from Ifo said this, adding that there were no signs of a recession during the first half.

Industry continues to face supply chain issues with 75% reporting difficulties and 3 out of 4 retailers wanting to increase prices. Wohlrabe spoke about this in an interview following the publication of Ifo’s monthly business morale survey.