Surprise Rise In German Business Morale Dispels Recession Fears

www.oann.com | 1/25/2018 | Staff
cyanbyte (Posted by) Level 3
BERLIN (Reuters) – German business morale improved unexpectedly in March after six consecutive drops, a survey showed on Monday, suggesting that Europe’s largest economy is likely to pick up in the coming months after it narrowly avoided a recession last year.

The Munich-based Ifo economic institute said its business climate index rose to 99.6 from an upwardly revised 98.7 in the previous month. This beat a consensus forecast for a reading of 98.5.

“The German...
(Excerpt) Read more at: www.oann.com
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