ifo business climate index falls again in August, below expected figure; “companies are increasingly pessimistic”; current conditions index, expectations index both down; expectations index implies euro-zone GDP contraction of 3.0% in year to November. 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 to react in the...