German Business Outlook Worsens Amid Ongoing Uncertainty

The transcript discusses the impact of vaccines on business outlook, highlighting that while vaccines are seen as positive, their distribution will take time, affecting economic recovery. Businesses desire long-term strategies but face uncertainty due to the pandemic. Economic recovery is expected to broaden in 2022, not 2021. Private consumption is recovering, but spending is limited in sectors like travel and dining due to restrictions.

What are the differences in recovery among various sectors mentioned in the text?

What factors are affecting consumer spending during the pandemic?