German business morale declines in January as economy suffers downturn - Ifo
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BERLIN (Reuters) - German business morale fell for the fifth consecutive month in January, a survey showed on Friday, signalling a downturn in Europe's largest economy where company executives became pessimistic about future business for the first time since 2012.The Munich-based Ifo economic institute said its business climate index fell to 99.1, the lowest level since February 2016. "Disquiet is growing among German businesses," Ifo President Clemens Fuest said in a statement. "The German..