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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

German business climate drops to 2009 low

March, 19 2020
watermark Economic news

The mood in the German business community deteriorated significantly in March amid concerns about the coronavirus. Ifo's preliminary business climate index in Germany fell to 87.7 points from 96 points in February. Such indicator showed a decline to its lowest level since August 2009.


The index of current assessment of the economy of Germany fell to 93.8 points from 99 points, and the index of measuring expectations for the next six months fell to 82 points in March from 93.2 points a month earlier. Such figures suggest that the German economy is accelerating towards recession.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.