GLOBAL MARKETS: No light in Germany
German business sentiment deteriorated more than expected in August, in a further sign that escalating trade disputes are pushing Europe’s largest economy towards a recession
29 August 2019 - 05:00
German business sentiment deteriorated more than expected in August, in a further sign that escalating trade disputes are pushing Europe’s largest economy towards a recession. "The last time that companies demonstrated such pessimism was in the crisis year of 2009. Not a single ray of light was to be seen in any of Germany’s key industries," said Clemens Fuest, president of the Munich-based Ifo Institute.
Reuters..
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