(MENAFN) The German Ifo business confidence index dropped last month for the first time in five months, The Peninsula Qatar reported
The crisis in Crimea has started to hurt the business sentiment in Europe"s biggest economy, the ifo index shows.
The Ifo economic business climate index dropped to 110.7 points in March from 111.3 points last month
Ifo chief said: "The crisis of the emerging economies and the events in Crimea are impacting the confidence of German firms.
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