Germany December Ifo business climate index 88.6 vs 87.4 expected | Forexlive

• Prior 86.3; revised to 86.4
• Current conditions 94.4 vs 93.5 expected
• Prior 93.1; revised to 93.2
• Expectations 83.2 vs 82.0 expected
• Prior 80.0; revised to 80.2

That’s a slight improvement in German business morale but the dark clouds are still circling amid high inflation and weaker demand conditions. A recession as we get into next year still seems the most likely scenario despite things not being as bad as feared initially coming into Q4.