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Wednesday, September 24, 2008

German Business Confidence Falls Again In September

German business confidence declined more than expected to the lowest level since May 2005 in September as the worsening financial crisis in the U.S. damped the outlook for global economic growth. The Munich-based Ifo institute's business climate index, based on a survey of 7,000 executives, fell to 92.9 from 94.8 in August.

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