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Global Economy Worries Affect German Business Confidence

A key indicator of where the German economy is headed fell for the third month in a row as fears take hold about global growth. The Ifo institute said Tuesday that its closely watched confidence index fell to 105.7 points for February from 107.3 last month. Economists had forecast a smaller slip, to 106.8. While businesses' assessment of their current situation improved, their outlook for the next half-year was significantly worse. Economist Carsten Brzeski at ING-DiBa called...

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