Summary: ifo business climate index increases for fifth consecutive month; a little under expectations; German economy stabilizing “despite rising infection numbers”; Following a recession in 2009/2010, ifo Institute’s business climate index largely ignored the European debt-crisis of 2010-2012, remaining at average-to-elevated levels through to early-2020. However, the index was quick to react in the March survey, falling precipitously. The rebound which began in May has continued so far. According...