ifo business climate index rises in March, above expected figure; German economy glimpses light on the horizon; current conditions index up, expectations index up; German, French 10-year yields down noticeably; expectations index implies euro-zone GDP contraction of 1.4% in year to June. 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,...