tt seems the sky is the limit for Germany’s economy.
Business confidence -- logging its fifth consecutive increase -- jumped to the highest since 1991 this month, underpinning optimism by the Bundesbank that the upswing in Europe’s largest economy is set to continue.
With domestic demand supported by a buoyant labor market, risks to growth stem almost exclusively from global forces.
“Sentiment among German businesses is jubilant,” Ifo President Clemens Fuest said in a statement. “Germany’s economy is performing very strongly.”
Read more: Only the World Can Stop Germany as Business Climate Hits Record - Bloomberg
Business confidence -- logging its fifth consecutive increase -- jumped to the highest since 1991 this month, underpinning optimism by the Bundesbank that the upswing in Europe’s largest economy is set to continue.
With domestic demand supported by a buoyant labor market, risks to growth stem almost exclusively from global forces.
“Sentiment among German businesses is jubilant,” Ifo President Clemens Fuest said in a statement. “Germany’s economy is performing very strongly.”
Read more: Only the World Can Stop Germany as Business Climate Hits Record - Bloomberg
