Rising German optimism hints at possible swift turnaround

07/29/2009 | Bloomberg Businessweek

Businesses in Germany are expressing positive sentiments about the economy, suggesting the nation's recovery is getting some traction, economists said. A business-climate index sponsored by the Institute for Economic Research rose for the fourth consecutive month in July. "Germany has all of a sudden become the leader of the pack, showing stronger signs of stabilization than most other eurozone countries," said ING economist Carsten Brzeski.

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