German Business Sentiment Hits Lowest Level Since 2020
The Ifo business climate index fell to 84.4 in April as the Iran war impacts Europe's largest economy. Analysts warn of recession risks if energy prices rise.
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Business morale in Germany has plummeted to its lowest level since the early stages of the pandemic in 2020, as the ongoing conflict involving Iran severely dampens hopes for a swift economic recovery. The Ifo institute reported on Friday that its business climate index dropped to 84.4 in April, down from 86.3 in March. This figure fell short of the 85.5 reading anticipated by analysts polled by Reuters.
