German ⁠business morale fell in March, ​a survey showed on Wednesday, as the Iran war made companies ⁠grow ⁠more pessimistic about the future. The Ifo institute ​said its business climate index fell to 86.4 in March ​compared to a revised 88.4 the ⁠previous ⁠month. Analysts polled by ⁠Reuters ​had forecast a larger decrease, to ​86.1. "The war ⁠in Iran has, for the time being, ended hopes of an economic ⁠upswing," said Ifo's president, Clemens Fuest. The decline in ⁠the headline index was due to significantly more pessimistic expectations, with this index falling to 86.0 in March from 90.2 in February as ... (full story)