Sentiment among German managers has become extraordinarily dire. The ifo Business Climate Index collapsed from 96.0 points (seasonally adjusted) in February to 86.1 points in March. This is the steepest fall ever recorded since German reunification and the lowest value since July 2009.
The Ifo Institute for Economic Research is a Munich-based research institution.Ifo is an acronym from Information and Forschung (research).As one of Germany's largest economic think-tanks, it analyses economic policy and is widely known for its monthly Ifo Business Climate Index for Germany. Its research output is significant: about a quarter of the articles published by German research
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