German IFO Economist: 'I don't believe ECB will loosen policy today'

Following the release of poor German IFO business survey, the IFO Economist offers his afterthoughts on the data.

German economy faces a turbulent time ahead.

Sees a slightly positive growth rate in H2.

Risk of disorderly Brexit has increased.

I don't believe ECB will loosen policy today.

Recession is spreading in all important sectors of German industry.

Business climate has deteriorated in key sectors except for car industry.