Central Banks
German Business Confidence Dips in Latest Recession Warning
- Ifo expectations index edges down to 86.3 from 86.8; est. 86.4
- Bundesbank says economy may already be in a downturn
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Germany’s business outlook worsened again – reinforcing fears that Europe’s biggest economy is in a recession with no quick rebound imminent.
The Ifo institute’s expectations gauge dipped to 86.3 in September from 86.8 the previous month. That’s still the lowest since February and slightly below what analysts in a Bloomberg poll had seen. A barometer of current conditions declined more strongly.