About: http://data.cimple.eu/news-article/46331dd6f59c5a2dfbb36b70b3f9ed0f960c4180b384cd01be4286b9

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About: http://data.cimple.eu/news-article/46331dd6f59c5a2dfbb36b70b3f9ed0f960c4180b384cd01be4286b9 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	German business confidence plummeted to a record low in April as firms fret over the coronavirus fallout, a closely-watched survey said Friday, describing morale as "catastrophic". The Ifo institute's monthly business climate index tumbled to 74.3 points, down from March's 85.9 points. "This is the lowest value ever recorded, and never before has the index fallen so drastically," Ifo chief Clemens Fuest said in a statement. "Companies have never been so pessimistic about the coming months." The index, based on a survey of 9,000 firms, has been around since 1991 but only started including the services sector in 2005. The coronavirus pandemic has battered the global economy, bringing massive restrictions to everyday life that have left many businesses struggling to survive. Export champion Germany is bracing for a painful recession, with experts predicting Europe's top economy will shrink by about five percent this year. Looking in detail at the Ifo survey, the mood was especially bleak in manufacturing, trade and the services sector. Construction companies -- which have been able to carry on working in some cases -- were less negative, the survey found. Like other countries worldwide, Germany has closed shops, restaurants and schools to curb the deadly outbreak. Millions of people have been told to stay home and companies have put hundreds of thousands of workers on reduced hours to stay afloat. The government has announced a massive rescue package to support Germans through the crisis, and has gradually begun loosening some lockdown restrictions. Smaller shops were allowed to reopen this week, while schools will be opening to some pupils in the coming weeks. mfp/hmn/wai
schema:headline	'Catastrophic' German business morale hits historic low: Ifo
schema:mentions	Fret Great Recession Germany Lockdown European Union Pandemic Severe acute respiratory syndrome coronavirus 2 Clemens Fuest Ifo
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-24 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	74 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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