Germany on cusp of recession, says Ifo, as business sentiment sinks - Reuters.com


7/25/2022 12:00:00 AM2 years 9 months ago

German business morale fell more than expected in July, the Ifo business sentiment survey showed on Monday, as the institute that compiles it said high energy prices and looming gas shortages had left Europe's largest economy on the cusp of recession.

BERLIN, July 25 (Reuters) - German business morale fell more than expected in July, the Ifo business sentiment survey showed on Monday, as the institute that compiles it said high energy prices and l… [+2403 chars]

full article...