German firms see Brexit clouds approaching

Germany is waking up to the threat of Brexit and could see weaker growth in 2017, analysts said on Thursday, after a key business confidence survey showed a sharp decline. "The German economy has fallen into a summer slump," Ifo president Clemens Fuest said in a statement, noting that all sectors surveyed except construction had reported a drop in the index. August's sharp drop contrasts with a smaller decline in July, when German business surprised forecasters by appearing to shrug off anxiety