German retail sector faces economic uncertainty, no growth in consumer spending expected

Business climate in German retail clouds over, Ifo says

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The business climate in the German retail sector clouded over in September, according to an Ifo survey published on Monday.

“Consumers are unsettled about the economic policy environment. That means that no further dynamic growth in private consumer spending can be expected for the rest of 2024,”And now, a word from our quant….

This article was written by Ryan Paisey at www.forexlive.com.