Despite all the hurdles for the German economy, Jörg Krämer, chief economist at Commerzbank, looks confidently into the future in an interview with wO.
A key indicator of this hope is the global purchasing managers’ index, which recently passed the critical 50 mark – a sign that sentiment in the industry is slowly improving.
A positive trend can also be seen in the euro area, even if there is no talk of a strong upswing yet. The suggested interest rate cuts by the major central banks are likely to provide further relief. According to Krämer, this could lead to a reduction in economic pressure caused by previous interest rate hikes. In addition, the weighted energy price has reduced worldwide, which somewhat reduces the burden on energy-intensive industries.
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