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Unexpectedly Gloomy in Germany - Forecast Slashed
The German business climate deteriorates for the fourth month in a row and the decline is greater than feared, according to a monthly index from the analysis institute Ifo. At the same time, leading economic institutes in Germany are lowering their growth forecast for 2024 and 2025.
Dark prospects for the German economy
The German business climate is the worst since February and the recovery in Europe's largest economy has stalled, shows a monthly index from the German analysis institute Ifo. "A crisis situation", says the Ifo chief in a comment.
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