IFO: German business confidence index declines significantly in March

```htmlGolden Ten Data reported on March 25 that a survey conducted on Wednesday showed German business confidence declined in March, as the war in Iran made companies more pessimistic about the future. German think tank IFO stated that its business climate index dropped to 86.4 in March, down from a revised 88.4 the previous month. IFO President Clemens Fuest said, "Currently, the war in Iran has ended hopes of economic recovery." Additionally, the business expectations index fell from 90.2 in February to 86.0 in March, indicating that uncertainty among companies has significantly increased.```