Global Economic News

Amended: German Ifo Business Confidence Strongest Since 2024

Corrects first para

German business sentiment hit the highest level in more than a year in August on expectations that the fiscal stimulus would help to kickstart the economic recovery.

The business climate index rose to 89.0 in August from 88.6 in the previous month. This was the highest score since April 2024 and also came in above economists' forecast of 88.6.

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by Renju Jaya

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