German business morale slumps to its lowest since 2009
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BERLIN (Reuters) - German business morale plummeted in March to its lowest level since 2009, a preliminary survey showed on Monday, suggesting that Europe's largest economy is falling into recession due to the impact of the coronavirus.The Ifo institute said preliminary results from its March survey showed its business climate index slumped to 87.7 from 96.0 in February."This marks the biggest drop since 1991 and brings the index to its lowest level since August 2009," Ifo President Clemens..