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The increase in today's Ifo index is too little to take away fears of a further downward slide of the economy.
Anyone looking for a bit of shiver these days only needs to take a look at German macro data - a series of horrific macro news. This morning’s Ifo index brought some relief, but as in tunnels of horror, there is no guarantee that the next monster isn't round the corner. Germany’s most prominent leading indicator, the Ifo index, increased for the first time in a year,