Euro zone economy headed for recession - German Business Confidence Drops to a 19-Month Low - Time to buy dollar index?
Peter Oberois
Sep. 25, 2007

The Euro Zone economy is in trouble. The stagflation in Europe is fast changing to deflation.

German business confidence fell more than economists forecast in September, reaching a 19-month low, on concern the strength of the euro and increasing cost of credit will lower economic growth.

The Ifo sentiment index, based on responses from 7,000 executives, dropped to 104.2 from 105.8 in August, the research institute said in Munich today. Economists expected a decline to 105, the median of 38 forecasts in a Bloomberg News survey showed.

The higher oil price, lower dollar and the credit crunch are killing the economies in Western Europe.

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Euro zone economy headed for recession - German Business Confidence Drops to a 19-Month Low - Time to buy dollar index?
Peter Oberois
The Euro Zone economy is in trouble. The stagflation in Europe is fast changing to deflation.
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