Confucius: the man who broke the mountain was the same man who started ...
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German business morale falls to lowest level since 2012 in August
German business sentiment deteriorated more than expected in August, hitting its lowest level since November 2012, a survey showed on Monday, in a further sign that Europe’s largest economy is sliding toward a recession. The Ifo institute said its business climate index fell to 94.3 from am upwardly revised 95.8 in July. The August reading, the fifth monthly decline in a row, undershot a consensus forecast for 95.1. “There are ever more indications of a recession in Germany,” Ifo President Clemens Fuest said in a statement. Companies were much less satisfied with their current situation and their pessimism ... (full story)