German businesses in bad mood – survey ...News

The EU’s largest economy has struggled amid the continuing recession, economists say Business sentiment in Germany has worsened for the first time since August, with the country likely facing a longer recession contrary to the expectations of analysts, a survey showed this week. The business expectations index in the EU’s largest economy dropped to 84.3 in December from 85.1 the previous month in a deeper-than-expected decline, according to Munich’s Ifo Institute for Economic Research. “The economy is weak, and we’ve been waiting for a recovery now for some time, and it’s not coming,” the think tank’s president, C

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