sectors begins falls announced supply admits costs tanks russia cases fell brink soccer football recession gas fourth particularly energy months worst likely settles prices sank gather expectations euro fuel shortlived

Articles for Ifo

Philippines begins siphoning fuel oil from sunken tanker
4 months, 1 week ago

Philippines begins siphoning fuel oil from sunken tanker

China Daily  

MANILA - The Philippine Coast Guard on Wednesday said that Philippine divers have started siphoning industrial fuel oil from an oil tanker that sank off Bataan province, west of Manila, on July 25. The tanker, MTKR Terranova, carrying 1.4 million liters of IFO, sank before dawn on July 25 in the waters off Limay town in Bataan. Bataan Coast Guard …

Oil Philippine Sunken Tanker Ifo Pcg Bataan Province Bataan
German economy limps into 2024 as business sentiment falls
10 months, 4 weeks ago

German economy limps into 2024 as business sentiment falls

Live Mint  

Berlin: German business morale unexpectedly worsened in January, declining for the second month in a row as Europe's largest economy struggles to shake off a recession and short-lived optimism gives way to fears of another weak year. As trade disruptions caused by Houthi attacks on shipping in the Red Sea bring fresh concerns for Germany's export industry, the closely watched …

Germany German Ing Sentiment Falls
German factory orders up strongly, add to promising signals
1 year, 8 months ago

German factory orders up strongly, add to promising signals

Associated Press  

BERLIN — Factory orders in Germany surged in February, posting their third successive increase in another promising sign for Europe’s biggest economy, official figures showed Wednesday. Last week, a closely watched monthly survey of managers by the Ifo institute showed German business confidence rising for the fifth consecutive month to its highest since February 2022, the month Russia launched its …

Germany German
German business confidence stuck at lowest since May 2020
2 years, 1 month ago

German business confidence stuck at lowest since May 2020

Associated Press  

BERLIN — German business confidence is stuck at its lowest level in more than two years as energy worries fuel expectations of a difficult winter, a closely watched survey showed Tuesday. The Ifo institute said its monthly confidence index, a prominent health indicator for Europe’s biggest economy, edged down to 84.3 points in October from 84.4 last month. That’s the …

German Ifo Survey
Germany: Recession clouds gather in Europe's largest economy
2 years, 2 months ago

Germany: Recession clouds gather in Europe's largest economy

Firstpost  

Germany’s key future indicator, the IFO survey of business confidence, pointed down for the fourth month in a row as high inflation fed by astronomical natural gas prices undermines consumer pricing power and imposes heavy costs on businesses Frankfurt: Europe’s largest economy is sending recession signals. Germany’s key future indicator, the IFO survey of business confidence, pointed down for the …

Europe Russia Germany Gas German Ing Ifo
Germany is on the brink of a winter recession
3 years ago

Germany is on the brink of a winter recession

CNN  

London CNN Business — Germany is teetering on the brink of recession this winter as supply bottlenecks and a wave of new coronavirus cases hobble the economy. “Ongoing supply bottlenecks and the fourth wave of the coronavirus are noticeably slowing down the German economy,” Timo Wollmershäuser, head of forecasts at Ifo, said in a statement. “The strong post-pandemic recovery that …

Economy Germany Wave German Coronavirus Cases