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German IFO Business Confidence April 2008

Posted on April 24, 2008

Business confidence in Germany (as measured by the IFO index) fell back in April (reinforcing the impression given by the recent ZEW index reading) as record oil and food prices stoked inflation, weakening further already weak domestic demand, and external conditions - and hence the outlook for exports - continued to deteriorate. The Munich-based Ifo institute said its business climate index,...

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inflation