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German Business Confidence Increases as Recovery on Track
German business confidence rose in November, signaling that the economic recovery in Europe’s largest economy remains on track even after growth slowed in the third quarter. The Ifo institute’s business climate index, based on a survey of 7,000 executives, increased to 109.3 from 107.4 in October. Economists forecast a gain to 107.7, according to the median of 43 estimates in a Bloomberg News survey. The Bundesbank said this week that the German economy remains on a “solid growth path.” Investor confidence rose to the highest level in four years in November, unemployment remained near a two-decade low in ... (full story)