German business sentiment lowest since November 2014 - Ifo
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BERLIN (Reuters) - German business morale fell to its lowest level since November 2014 in June, a survey showed on Monday, adding weight to expectations that Europe's largest economy contracted in the second quarter.The Ifo institute said its business climate index deteriorated for the third month in a row, to 97.4 in June from 97.9 in May. That was slightly above a consensus forecast for 97.2."The German economy is heading for the doldrums," Ifo President Clemens Fuest said, adding that the..