More businesses in Germany were concerned about their survival amid the prospect of a recession, and the group continued to be led by retailers, who this time were worried about the Christmas holiday season, survey data from the ifo institute showed Friday. In November, 7.9 percent of German companies felt their economic survival was threatened, up from 7.5 percent in October, the ifo said. Earlier this week, the Mannheim-based think tank had forecast a shallow recession for Germany in the first half of next year, but said the biggest euro area economy would recover by the spring and rebound strongly with incomes rising faster than prices.
Helped by government's electricity and gas price brakes, inflation is expected to fall in the coming months. The European Central Bank on Thursday hiked interest rates again, but at a slower pace. Policymakers expect that rates need to rise significantly at a steady pace in the coming year as Eurozone inflation is forecast to stay uncomfortably high for a long time.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.