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Germany on brink of recession as business confidence nosedives

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In latest sign Europe’s largest economy is struggle, ifo index falls to lowest level since 2012Germany’s economy is on the brink of recession after business confidence plunged to its lowest level in seven years.The ifo Institute, a Munich-based research group, said: “Worry lines among German business leaders are getting deeper and deeper.” Its monthly confidence indexfell to just 94.3 points in August, down from 95.8 in July, the weakest reading since November 2012. Continue reading…



Source link : https://www.theguardian.com/world/2019/aug/26/german-recession-fears-business-confidence-europe-economy

Author : Graeme Wearden

Publish date : 2019-08-26 11:15:41

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Tags : The Guardian