Ifo’s global economic sentiment index dropped to a more than seven years nadir

In the first quarter of this year, the world economic sentiment index of the Munich-based ifo economic research institute fell to a more than seven years low.

The ifo Institute for Economic Research (ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München e.V.) announced on Monday that the first quarter’s global economic sentiment index fell to minus 13.1 points, from the minus 2.2 points of the fourth quarter. (MTI)