Doomsayers warned that Brexit would be a disaster for export dependent Germany as well. But business confidence here is fizzing at a two and a half year high
The latest OECD economic outlook predicts global growth of almost 4 percent in 2018. However, it also expresses concerns over a lack of investment, which it says could dent momentum in the global recovery.
Once again the latest monthly business confidence index by Germany's Ifo research institute shows the mood among German executives only keeps getting rosier despite political unease over the next German government.
In a foreboding of a tricky situation to form a new German government, the mood of business leaders here turned sour in September, causing the closely-watched Ifo index to slump despite ongoing strong fundamentals.
Germany's blue-chip share index has surged to a record as investors were relieved by the success of French presidential candidate Emmanuel Macron, with rising German business sentiment adding to their joy.
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