The Ifo institute said its business climate index rose to 90.2, in line with consensus according to a Reuters poll of analysts and up from a reading of 88.6 in December.
"There probably won't be a recession, but GDP could shrink slightly in the first quarter," Ifo's economist Klaus Wohlrabe said. The euro zone largest economy is expected to narrowly avoid recession this year with price-adjusted growth of 0.2%, according to the German government's"The reason for this resilience is not so much the structure of the economy but rather a simple policy recipe that the German government has successfully used over the last 15 years and perfected recently: fiscal stimulus," said Carsten Brzeski, global head of macro at ING.
I'm just here to comment that the picture to go along with the article is downright gorgeous. Holy cow, whoever took that, kudos.
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