Germany's reputation in the business world is growing.

Despite the occupation of Ukraine, trust in Germany's business sector has unexpectedly grown. The expectations index of the Munich-based IFO Institute, Germany, rose from 84.9 to 86.7 in April. The IFO Business Climate Index climbed from 90.8 to 91.8, although economists surveyed by Bloomberg expected a decline. The expectation was expressed as 89. IFO President Clemens Fuest said, "Expectations for the German economy rose slightly. Despite the Russian invasion of Ukraine, the economy remained resilient." Despite the deterioration in supply chains and cost increases in Germany, indices rose surprisingly. However, the ongoing war is putting an additional burden on consumers by increasing food and energy costs. The Bundesbank estimated on Friday that Germany's economy would shrink about 2 percent if restrictions on coal and oil exports from Russia were imposed. The government has yet to approve this proposal, as it will result in job losses and higher costs. Economic institutions advising the German government also cut their growth forecast for this year to 2.7 percent. Inflation is expected to rise to an average of 6.1 percent, the highest in 40 years.