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German Business Confidence Worsens, Putting Rebound in Doubt

From bloombergquint.com

German business sentiment deteriorated further to its lowest level in more than two years as trade tensions and the rising risk of a no-deal Brexit threaten to hamper a meaningful economic rebound from a summer lull. The Ifo Institute’s gauge of corporate confidence in Europe’s largest economy fell to 101.0 in December from 102.0 in November. The fourth straight decline will add to concerns about economic prospects in Germany and the 19-nation euro area after the European Central Bank decided to rein in stimulus. The report suggests Germany may have to overcome bigger hurdles than new emissions-testing rules, which ... (full story)

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  • Category: Medium Impact Breaking News