Germany’s business confidence hits five-year low
Ifo economist says the trade conflict between the US and China is the main source of uncertainty for German businesses
24 June 2019 - 18:42
Berlin — German business morale fell to its lowest level since November 2014 in June, a survey showed on Monday, adding weight to expectations that Europe’s largest economy contracted in the second quarter.
The Ifo institute said its business climate index deteriorated for the third month in a row, to 97.4 in June from 97.9 in May. That was slightly above a consensus forecast for 97.2...
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