'Light on the horizon': German business morale improves

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German business morale rose more strongly than expected in March, a key survey showed Friday, raising hope there is 'light on the horizon' for Europe's crisis-hit top economy. 'The German economy glimpses light on the horizon.'

The improvement will bring hope that the eurozone's traditional growth engine is starting to recover after being battered by surging inflation, higher interest rates and an industrial slowdown. Photo: RONNY HARTMANN / AFP/Filemorale rose more strongly than expected in March, a key survey showed Friday, raising hope there is"light on the horizon" for Europe's crisis-hit top economy.

The component of the index that refers to future expectations rose sharply, although the component covering businesses' current situation increased more modestly.

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