Economic news

German business confidence rises to record high

German businesses are more optimistic about the future as Europe's largest economy has surged firmly this year.

The nation’s business climate indicator jumped to a fresh record peak in November. The Ifo institute’s index rose to 117.5 from a revised 116.8.

The Bundesbank says that economy would grow at the fastest pace since 2011 in the final quarter of 2017 amid record-high employment and rising real wages.

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