German business morale tumbled in March to its lowest level since 2009, a survey showed on Wednesday, suggesting that Europe's largest economy is heading toward recession due to the impact of the coronavirus.
The Ifo institute said final results from its March survey showed that its business climate index slumped to 86.1 from 96.0 in February.
 "This is the steepest fall ever recorded since German reunification and the lowest value since July 2009," Ifo President Clemens Fuest said in a statement.

Source: Investing
Post by : Republic of Turkey Ministry of Trade