German Business Confidence Dives Again as Economy Wobbles
- Ifo business climate weakest since 2014, expectations worsen
- ECB has signaled more euro-zone stimulus could be coming
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A slump in German business confidence deepened in June as trade tensions weighed on manufacturers.
U.S.-led protectionist threats have clouded the growth outlook in Europe’s largest economy for months, contributing to a manufacturing slump and boosting fears that domestic demand will be undermined. European Central Bank President Mario Draghi last week said he’ll inject fresh monetary stimulus for the euro zone unless the economy improves.