Even if European identity is not cosmopolitan, it has universalist elements at its core © AP
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As the recent decline in the Ifo business climate shows, the German economy continues to show weakness.

It is the third consecutive decline in Germany’s most important economic barometer . “The German economy is stuck in the crisis,” commented Ifo President Clemens Fuest. The approximately 9,000 companies surveyed rated the prospects for their future business significantly worse.

The assessment of the current situation was also weaker than in the previous month. The business climate in the manufacturing sector has fallen significantly. The values ​​fell in trade , in the services sector and in construction.

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