Canada IFO business climate increases - pessimism noticeably leaves the mood in the German economy according to
(multimedia) COP27: China calls on developed countries to "enlarge the cake" of climate financing
© provided by Xinhua_fr Xie Zhenhua, special representative of Chinese President XI Jinping and Special Envoy of China for Climate Change, takes The word on the occasion of the summit on the implementation of climate commitments during the 27th session of the Conference of the Parties (COP27) at the United Nations Framework Convention on Climate Change (CCNUCC), in Charm el-Cheikh , in Egypt, November 8, 2022.
unexpectedly improved in November. At the previous month, the IFO business climate rose by 1.8 points to 86.3 points, as the Munich IFO Institute announced on Thursday. In addition, the value for the previous month was revised. Accordingly, the most important German economic barometer had already increased in October for the first time since May.
"The companies were less satisfied with the ongoing shops, but pessimism with a view to the coming months was noticeable," commented IFO President Clemens Fuest. The recession should be less deep than many expected.
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Economists expected a better corporate mood in November, but had only assumed 85 points. In the past few months, inflation and problems with supply chains had burdened the mood indicator, which is based on a survey of around 9,000 companies. For the index, the mood is compared with the average of 2015.mood brightens on
The companies surveyed brightened their current business situation in November a little worse than in the previous month. The decisive factor for the overall better business climate was the expectations: the corresponding index rose to 80 points of 75.9 points in October.
The mood improved in all areas of the economy, but especially in industry and in the service industry. "The recession loses its horror," commented chief economist Ulrich Kater from Dekabank. He expects uncertainty about energy supply and thus the concerns about production will decrease in the coming months. However, German companies faced long -term challenges, said Kater.
his Commerzbank colleague Jörg Krämer referred to the Federal Government's relief package and that the risk of a lack of gas has dropped significantly. "I unchanged a recession, but more than ever no economic collapse."
Cinema, series: The climate is the big forgotten of fictions, according to an American study .
of Californian researchers have studied more than 37,000 film and television scenarios. Result: a little more than a thousand include words relating to climate, and only 0.6% mention "climate change" ... © supplied by Franceinfo on television as in the cinema, fictions showed their power To change minds in many areas. But relatively little with regard to climate change, according to a study that comes from across the Atlantic.