German business confidence dropped sharply in December to its lowest level in 18 years, according to a business index from the Ifo research institute.
Exporters were suffering particularly badly as the global economy turns down, it said.
Ifo's business climate index, based on a poll of 7,000 firms, fell to 82.6 in December from 84.0 in November.
The institute said that such a low reading had not been seen since German reunification in 1990.
And Ifo said it had go back to 1982 to find such a weak index level for business sentiment in the former West Germany.
'Cloudy prospects'
"The dominant feature of the December decline is the worsening of the firms' current business situation," Ifo said.
"With regard to the six-month business outlook, the scepticism of the survey participants remains nearly unchanged."
The gloomy figure had been widely expected.
"German economic prospects remain clouded and as such the new data is not surprising. Germany's GDP will continue to weaken and so far an end to the recession is not in sight," said economist Ralf Umlauf of Helaba bank.
"Pressure on the European Central Bank to make further clear cuts in interest rates to fight against the crisis ought to increase because of this," he added.("Here My Every News I'm providing like Hot syndication" And This sites every Ads also Erotic you May check it!!)
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