The Ifo index Germany's economy increased for the seventh consecutive month in April.

The Ifo index, a leading indicator of Germany's economy, increased for the seventh consecutive month in April, but expectations remain below average and the current assessment weakened slightly. Despite a surprising growth revival in the first two months of the year, driven by industrial activity, the rebound is expected to be short-lived due to high retail energy prices and a slowdown in demand. The German economy will continue to flirt with recession in the second half of the year due to various cyclical and structural factors, including the impact of monetary policy tightening and a slowdown in the US economy. The recent Ifo index reflects the country's resilience, but the rebound is expected to lose momentum soon.