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
Unfazed by a mounting number of uncertainties, Europe's largest economy has logged better-than-expected growth in the second quarter. Experts said the expansion was mainly driven by domestic consumption.
More economic indicators are pointing to a slowdown of the German economy. Fresh industrial output and exports data showed that Europe's powerhouse started the second quarter of 2018 on a weak footing.
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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