German Ifo Business Sentiment Drops as Iran War Hits Confidence
Germany’s Ifo Business Climate index deteriorated in March, falling from 88.4 to 86.4, as the escalation in the Middle East weighed heavily on corporate sentiment. The decline was driven by a notable drop in expectations, which fell from 90.2 to 86.0, while the current situation index remained unchanged at 86.7. The weakness was broad-based across…