Economics

German Business Index at Five-Month Low in Pre-Election Verdict

  • Vote on Sunday will determine new stewardship of economy
  • All three main gauges from Ifo think tank dropped in September
WATCH: Germany is in a “bottleneck recession,” according to Ifo President Clemens Fuest.Source: Bloomberg
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German business confidence fell to a five-month low in September amid a “bottleneck recession” for industry just before voters redraw the political makeup of Europe’s biggest economy in the era after Chancellor Angela Merkel.