Germany’s IFO business confidence index, complied from 7000 company executives, has risen for a third straight month on the back of optimism about the ECB’s stimulus package.
It beat expectations from a panel of 38 economists, and has also been boosted by the low oil price and weakening euro, which has stimulated exports, the driving force behind the German economy.
The German economy appears to be recovering faster than expected from its mini-slump in the middle of last year, but deflationary pressures are still worrying for domestic consumption, which Germany’s EU partners want to see rise.
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