Economics
German Business Confidence Rises as Growth Seen in 2012: Economy
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German business confidence unexpectedly rose for a second month in December as two economic institutes predicted Europe’s biggest economy will stave off the debt crisis and avoid a recession in 2012.
The Ifo institute’s business climate index, based on a survey of 7,000 executives, climbed to 107.2 from 106.6 in November, the Munich-based institute said today. Economists predicted a drop to 106, the median of 36 forecasts in a Bloomberg News survey shows. The IfW and RWI institutes both released predictions showing economic growth in 2012.