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IFO Economist: German economy cooling down but no recession

Following the release of the downbeat German IFO survey, Germany’s IFO Economist, Klaus Wohlrabe is on the wires now, explaining the reason behind the fifth consecutive dip in the business confidence.

German economy cooling down but no recession.

Uncertainty has increased further, Brexit is at the top of the agenda.

Export expectations have reached the lowest level since November 2016.

Private consumption could be better-given increases in income, employment.

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Italy’s Deputy PM Di Maio: Italy has done all it could on the budget

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