Central Banks
German Business Expectations Fall in Setback to Rebound Hope
- Ifo expectations dropped to 89 in June; economists saw 90.7
- Economy ‘having difficulty overcoming stagnation,’ Fuest says
Clemens Fuest
Photographer: Christof Stache/AFP/Getty ImagesThis article is for subscribers only.
Germany’s business outlook worsened for the first time in five months — a sign that the gradual recovery in Europe’s biggest economy faces headwinds.
An expectations gauge by the Ifo institute fell to 89 in June from 90.3 in the previous months — defying analyst predictions for an improvement. A measure of current conditions held steady.