German business sentiment fell in February, according to
the closely-watched survey by the Ifo Institute, spurring worries that
Europe's economic motor is slowing down. The Ifo business climate index
showed that morale slid to 105.7 from 107.3 in January, marking the
third consecutive month the number has dropped. Germany also confirmed
today that its economy expanded 0.3% in the fourth quarter, a rate that
could prompt more concerns amid fears about slowing growth.
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