Summary: ifo business climate index increases for fourth consecutive month; in line with expectations; German economy on road to recovery”; German, French bond yields rise noticeably; economists express some doubts about recovery’s sustainability. 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...