---
title: The economic weakness in Germany is becoming chronic.
description: "The Ifo Business Index fell to 84.7 in December, down from 85.6 in November –its lowest level since May 2020. This is far below the long-term average of 96.6 and looks weak even compared to recent years. \nSince the start of the war in Ukraine, the index has averaged just 88.2. The latest drop was driven by a sharp decline in the expectations component, which fell from 87 in November to 84.4 in Dec. Analysts polled by Bloomberg had predicted a slight uptick and none saw a retreat of that scale.\n\nSource: Bloomberg, HolgerZ"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [The economic weakness in Germany is becoming chronic.](https://blog.syzgroup.com/syz-the-moment/the-economic-weakness-in-hashtaggermany-is-becoming-chronic)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Dec 18, 2024, 4:43:38 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/the-economic-weakness-in-hashtaggermany-is-becoming-chronic)

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