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Unfavorable Economic Forecasts - But Where is the Crisis?

November 11, 2014

For the sixth time in succession, the Ifo index -- which measures the business climate in Germany -- has fallen and the prospects of growth for companies are poor.

https://p.dw.com/p/1DlYo

The European Commission even refers to Germany, the economic engine of the EU, as being on the brink of a recession. For the first time in two years, the Ifo business climate index has the country’s mechanical engineers slipping into the negative zone.