Central Banks
German Business Outlook Slumps Amid Economic Uncertainty
- Ifo expectations gauge sinks to 84.4; economists saw 87.5
- Europe’s top economy likely shrank for second straight year
This article is for subscribers only.
German business expectations sank in December, highlighting the challenges for Europe’s top economy with snap elections likely to bring a change of government.
An expectations gauge by the Ifo institute slumped to 84.4 from 87, the Ifo institute said Tuesday. Analysts polled by Bloomberg had predicted a slight uptick and none saw a retreat of that scale. A measure of current conditions rose, bringing the overall index to 84.7 from 85.6 a month ago.