MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: SNB CUTS KEY POLICY RATE BY 50 BPS TO 0.5%

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: New Lockdown in Germany To Weigh on Recovery - IFO

MNI (London)
FRANKFURT (MNI)

New lockdown measures throughout Germany will weigh heavily on the economic recovery in Q4, the Ifo institute said Friday. "Expenditures on social consumption services are seen falling sharply and private consumption is not likely to grow anymore until the end of the year," the Munich-based thinktank said.

The institute estimates that revenues in the hospitality sector will drop to 20% of normal levels, it regained 75% in the summer compared to pre-crisis levels, while social consumption is seen at just 10% compared to normal due to the second lockdown.

Consumption behaviour already had changed in October due to rising infection numbers, with corporate revenues already declining the Ifo Institute said.

MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
Policy NewsHomepageCEEMEAEurozoneGermanyBriefStoryRegion
True
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
Policy NewsHomepageCEEMEAEurozoneGermanyBriefStoryRegion
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.