German Business Outlook Sinks as Iran Puts Recovery ‘on Ice’

Germany’s business outlook soured as higher energy prices due to the Iran war threaten to derail its nascent economic revival.

An expectations index by the Ifo institute dropped to 86 from a revised 90.2 — the lowest in more than a year. That was in line with the expectations of analysts in a Bloomberg survey. A gauge measuring current conditions unexpectedly held steady.