Germany's business sentiment strengthened to a four-month high in December as the economic downturn is feared to be less severe than previously estimated, results of a closely watched survey by the ifo Institute revealed.
The business climate index rose more-than-expected to 88.6 in December from 86.4 in November, data published by the Munich-based ifo Institute showed on Monday. The expected score was 87.4.
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by Renju Jaya
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