'Light on the horizon': German business morale improves

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'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.'

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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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