Summary: ifo business climate index slips in October, slightly above expected figure; German companies’ sentiment “grim; “first sign of stability” following gas price’s sharp fall; current conditions index down, expectations index up; expectations index implies euro-zone GDP contraction of 9.6% in year to January. Following a recession 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,...