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German economy back in crisis mode as Ifo index drops to pandemic levels
To quote Andreas Brehme, the all-too-early-departed scorer of Germany’s winning goal in the 1990 World Cup final: “if you’ve got s*** on your boot, you’ve got s*** on your boot.” A quote that applies to many situations in life, and certainly to the German economy right now. At the end of 2025, the economy finally seemed to be escaping its endless stagnation, with growth returning in the fourth quarter, rising industrial orders, and the expectation of billions in defence and infrastructure investment. An upturn was within sight until, that is, the war in the Middle East started. The just-released Ifo index, ... (full story)