LATEST NEWS : Zero growth best hope for Germany as confidence disappears

German business confidence continued to deteriorate in October amid fears that the eurozone could enter a triple-dip recession.

The Ifo Economic Institute’s closely-watched business climate index tumbled to 103.2 in October, from 104.7 in September. This was well below economists’ expectations of a slight fall to 104.5 and represents the sixth consecutive monthly decline.

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