---
title: The worst seems behind the economy.
description: "This is indicated by the Ifo Business Climate Index, which has jumped to 87.8 in March, highest level since June 2023 vs 86.0 expected. Current conditions rose to 88.1 in March from 86.9 in Feb, Ifo business confidence to 87.8 from 85.7 in Feb. Suggests that we could see a recovery as households begin to spend their real income gains. Employment is robust and nominal wage growth comfortably exceeds inflation again. There could be some green shoots in the export sector, and even the deep slump in construction may have bottomed out.\nSource: Bloomberg, HolgerZ"
---

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

# [The worst seems behind the economy.](https://blog.syzgroup.com/syz-the-moment/the-worst-seems-behind-the-economy)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Mar 22, 2024, 4:32:41 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/the-worst-seems-behind-the-economy)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Charles-Henry Monchau, CFA, CMT, CAIA"
  },
  "dateModified" : "2024-03-22T16:32:41.059Z",
  "datePublished" : "2024-03-22T16:32:41Z",
  "headline" : "The worst seems behind the economy.",
  "image" : {
    "@type" : "ImageObject",
    "height" : 422,
    "url" : "https://25733253.fs1.hubspotusercontent-eu1.net/hubfs/25733253/2-Mar-22-2024-04-32-28-4253-PM.jpg",
    "width" : 800
  },
  "mainEntityOfPage" : "https://blog.syzgroup.com/syz-the-moment/the-worst-seems-behind-the-economy",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Syz The Moment"
  }
}
```