Ifo business climate deteriorates significantly
Created: 09/26/2022, 10:44 am
"The German economy is sliding into a recession," comments Ifo President Clemens Fuest on the latest business climate index.
© Daniel Bockwoldt/dpa
The mood in the German economy deteriorated significantly in September.
The Ifo business climate fell by 4.3 points to 84.3 points compared to the previous month, as the Ifo Institute announced on Monday.
It is the lowest level since May 2020. Experts had expected a slowdown, but only to 87 points.
"The German economy is sliding into a recession," commented Ifo President Clemens Fuest.
