GKI: Business expectations fell sharply in June
After reaching its two-year low in April and an improvement in May, the GKI economic sentiment index fell to its level of early summer 2017. The deterioration in business expectations continued throughout the year, similarly to the improvement in consum-er ones. The last time when business expectations were so low had been two and a quarter years ago, whereas the last time when consumer ones were so high had been one year ago.
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