Ifo/ICC world economic indicator deteriorates further in Q3.

(From AFX Europe (Focus))

PARIS (Thomson Financial) - The German Ifo institute and the International Chamber of Commerce said their world economic climate indicator deteriorated further in the third quarter.

The world economic climate indicator fell to 73.4 in the third quarter from 81.4 in the second quarter, declining for the fourth time in a row.

The Ifo and ICC and Ifo together surveyed 1,025 corporate and academic economists in 92 countries to compile the indicator.

"The decline is primarily the result of more unfavourable assessments of the current economic situation, but also the expectations for the coming six months have been …