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German Business Confidence Slips as Omicron Damps Outlook

  • Ifo gauge of expectations drops to 92.6, median est. 93.6
  • Bundesbank sees ‘significant momentum’ returning in spring
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WATCH: The risk of deeper restrictions is worrying German businesses, says Ifo President Clemens Fuest.Source: Bloomberg
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German companies lost confidence in the near-term economic outlook after resurgent coronavirus infections forced new restrictions and raised uncertainty.