German business confidence dips further to near 5-year low
Assessment of the current situation rose modestly from May
24 June, 12:16Their assessment of the current situation rose modestly from May. German growth forecasts have been cut repeatedly recently and the economy is expected to turn in a feeble performance in the second quarter after returning to growth in the winter. Ifo's survey is based on responses from some 9,000 firms. (ANSA-AP).