Eurozone: Further drop in the Ifo Economic Climate Indicator
May 15th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Ifo Economic Climate Indicator in the Eurozone has worsened again in the second quarter of 2008 for the third time in succession, falling to its lowest level in five years. The decline in the Ifo indicator is the sole result of less positive assessments of the current economic situation. The economic expectations for the coming six months, although still in negative territory, have not worsened further.