Wednesday, Sep 26, 2007
upswing in Europe’s biggest economy is over,
ft.com: German Ifo business-climate index on Tuesday – to its lowest level since
The slowdown begins. An unexpectedly steep fall in the German Ifo business-climate index on Tuesday – to its lowest level since February 2006 – shows that the best part of the upswing in Europe’s biggest economy is over, with consequences all over the 13-nation eurozone.
With the euro last week reaching record levels against the dollar and, more crucially, on a trade-weighted index, the latest news seems unsurprising. But it is not clear whether the currency’s recent appreciation – the result of the global credit squeeze and fears about the US economy – is yet to blame http://www.ft.com/cms/s/0/d1322e24-6bc9-11dc-863b-
Posted by chris @ 08:49 AM (138 views) Add Comment
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