German IFO’s Economist: COVID-19 infections rise nervousness is growing in the economy

Following the release of the final German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that the economy is growing more nervous amid rising coronavirus infections.

Additional quotes

We anticipate 2.1% growth in Q4.

Growth forecast is barring a second lockdown.

Closure of schools and day care would have massive impact on economy.

Export expectations have deteriorated given latest virus situation.

Auto sector is an exception to the gloom in the general economy.