This is what the “Spiegel” reports in its current edition. Just a few weeks ago, the institute predicted that economic output in 2020 would collapse by around 6,7 percent.
Now Ifo economic chief Timo Wollmershäuser expects only a decrease of 5,1 percent. The reason is the “surprisingly positive development” of the past few weeks, says Wollmershäuser in “Spiegel”. The Ifo Institute recently reported on a significantly improved business climate and increasing export expectations among German companies.