German Business Outlook Suggests 'Certain Stabilization:' Ifo

The transcript discusses the current state of the German economy, highlighting a stabilization trend, particularly in the service sector, while manufacturing and construction face challenges. The service sector, including IT and tourism, shows positive growth, possibly due to post-pandemic travel demand. However, manufacturing sees fewer orders, and construction remains weak. Overall, the economy is stabilizing, but a full turnaround is not yet evident.

What is the overall sentiment regarding the return to healthy growth in Germany?

What factors are influencing people's spending on tourism?