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German economy appears resilient after Ukraine war shock -Ifo economist

Published 04/25/2022, 04:47 AM
Updated 04/25/2022, 04:51 AM
© Reuters. The sun sets behind the skyline with the banking district in Frankfurt, Germany, October 18, 2021.  REUTERS/Kai Pfaffenbach

© Reuters. The sun sets behind the skyline with the banking district in Frankfurt, Germany, October 18, 2021.  REUTERS/Kai Pfaffenbach

BERLIN (Reuters) - Germany's economy appears resilient after the first shock following the war in Ukraine, said Ifo economist Klaus Wohlrabe, who added there was no sign of a recession in the first half.

Supply chain problems remain a major problem for industry, with 75% of companies reporting problems, and three out of four retailers want to raise prices, Wohlrabe told Reuters in an interview after the publication of Ifo's monthly business morale survey.

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