Bloomberg

Ifo Says Germany's Economic Recovery 'Will Take Time'

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Ifo President Clemens Fuest discusses the institute's latest survey results which indicated a modest rise in German business confidence for June, easing worries about the knock-on effects of the Iran war on Europe's largest economy. "There's this combination of structural factors and macroeconomic shocks hitting the German economy, meaning it will take time to recover," Fuest tells Bloomberg Television.

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