Emanuel Boeminghaus wrote that the ifo business climate index has shown a divergence in recent months: the expectations of German companies are becoming more optimistic, while the actual business situation repeatedly disappoints. He argued that the upswing is therefore apparently mainly taking place in expectations. Boeminghaus suspected that political and media messages about a better economic situation could have contributed to the optimism without changing the economic reality. He criticized politics, mainstream media, and business press for strengthening expectations instead of achieving sustainable growth and structural reforms. #Deutschland #Wirtschaft #Optimismus (translated)


