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Subscriber OnlyMarketsEconomicsGerman Business Confidence Grows Despite War, Supply WoesIfo expectations index rises to 86.9 in May; est. 86.5Fuest says there are ‘no observable signs of a recession’ByAlexander Weber+FollowMay 23, 2022, 8:04 AM UTCUpdated onMay 23, 2022, 11:00 AM UTCSign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.German business confidence edged higher as companies continued to navigate the fallout from the war in Ukraine and renewed supply-chain disruptions.