Ifo’s Fuest: German coalition situation will slowdown Brexit

The German Ifo’s Head Clemens Fuest and Economist Wohlrabe addressed a press conference, following the release of the Ifo surveys, with the key headlines found below.

Ifo Head Fuest:

Influence on German economy limited.

German coalition situation will slow down Brexit.

Both a grand coalition or minority Govt could work.

Ifo Economist Wohlrabe:

German economy robust.

Broadly unaffected by political events at home or abroad.

ECB decision to reduce bond purchases appears not to have affected German business morale.