Coronavirus
Surge In Covid Cases, Industrial Bottlenecks Hold Back German Business Optimism

Amid a trying third wave of the COVID pandemic in Germany, a closely monitored indicator of German business outlooks barely rose in April, hinting at a fall in optimism about the economic recovery’s pace in a post-pandemic scenario.
The Munich based Ifo index barely registered an increase of 0.2 points from the previous month’s rating of 96.6. It was also, noted by the Ifo institute that, about 45% of companies reported bottlenecks among suppliers – the most since, 1991. Industries such as the much-vaunted automobile industry in Germany have been forced to hold back production due to a pressing lack of semiconductors.
Economists now expect that the majority of rebound to normal levels, only towards the end of the year as vaccination campaigns gather steam.
-
Automotive2 months ago
South Korea Plans to Support Auto Sector with US$2B Following US Tariffs
-
News2 months ago
Oman Oil Prices Witness Drop Amid Shifting Global Trade Dynamics
-
OER Magazines1 month ago
OER, April 25
-
News2 months ago
Aligning HR Strategies with Oman Vision 2040: A Roadmap for Organisational Growth – OER Business Summit 2025
-
Renewables2 weeks ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, April 25
-
Banking & Finance2 months ago
Bank Nizwa Signs MoU with Ministry of Endowments and Religious Affairs to Enhance Endowment Management & Islamic Finance Frameworks
-
Banking & Finance2 months ago
Sohar International Bank SAOG Announces Intention to Merge with Ahli Bank SAOG