According to reports from Jinshi Data, Ralph Solveen, an analyst at Commerzbank, stated that the persistent decline of the German IFO index has affected hopes for an economic recovery. The current deterioration in business conditions has lasted for more than three years, and the decline in market sentiment is not due to concerns about tariffs on German products following Trump's election.
He pointed out that exports are affected by weak foreign demand, and the transmission time of the European Central Bank's interest rate cuts to the German economy is longer than expected.