German manufacturing expectations record fastest ever plunge
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BERLIN (Reuters) - German manufacturers have recorded the most precipitous drop in business expectations in the 70-year history of industrial surveys, preliminary figures showed on Thursday, with overall morale cratering to the level of the 2009 recession."The German economy is speeding into recession," said Clemens Fuest, President of the Ifo institute, which published preliminary results of its monthly survey for March.Its overall business climate index for Europe's biggest economy slumped to..