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Story summary
- The Ifo business climate index fell to 86.4 in March from 88.4 in February, signaling a sharp drop in German business morale amid the Iran conflict.
- The current situation index remained at 86.7, while expectations declined to 86.0 from 90.2.
- Clemens Fuest, president of the Ifo Institute, said uncertainty among companies has increased.
- Experts warn that prolonged conflict could inflict economic damage on Germany and threaten the recovery.
