German confidence

FRANKFURT: The outlook for the German economy, Europe’s biggest, clouded over significantly in January as business confidence fell to its lowest level in 11 months, the Ifo economic institute said on Monday. The Ifo institute’s closely-watched business climate index fell by a steeper-than-expected 1.3 points to 107.3 points in January, the lowest level since February 2015, Ifo said in a statement.