Summary: ifo business climate index slightly higher in April, above expected figure; German worries “abating” but economy “lacking dynamism”; current conditions index down, expectations index up; expectations index implies euro-zone GDP contraction of 1.9% in year to July. Following recessions in euro-zone economies in 2009/2010, the ifo Institute’s Business Climate Index largely ignored the European debt-crisis of 2010-2012, mostly posting average-to-elevated readings through to early-2020. However, the index was quick...