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German business confidence hits 5-year low

German business confidence hits 5-year low

Business confidence in Germany has slid to a five-year low on fears that the global economy is teetering into recession.
The Ifo institute said Monday that its monthly business climate index fell to 90.2 points in October from 92.9 in September.
The fall _ the fifth in a row _ put the closely watched indicator for Europe's biggest economy at its lowest level since 2003.


Updated : 2021-03-09 13:36 GMT+08:00