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Only the World Can Stop Germany as Business Climate Hits Record

  • Ifo confidence index jumps to 115.1 vs est. drop to 114.5
  • Gauges for current conditions and expectations both increase
Updated on

It seems the sky is the limit for Germany’s economy.

Business confidence -- logging its fifth consecutive increase -- jumped to the highest since 1991 this month, underpinning optimism by the Bundesbank that the upswing in Europe’s largest economy is set to continue. With domestic demand supported by a buoyant labor market, risks to growth stem almost exclusively from global forces.