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Germany: IFO – Business Climate improves slightly in December

FXstreet.com (Barcelona) - According to data published on Wednesday by the CESifo Group, German IFO – Business Climate increased slightly from 109.3 in November to 109.5 in December. This result is in line with market consensus.

IFO – Current Assessment fell to 111.6 in December, versus 112.2 the previous month, against forecasts of rising to 112.5. IFO – Expectations rose a notch to 107.4 from 106.4 and above expectations of growing to 106.5.

Merkel to press for closer European integration during her third term

German Chancellor Angela Merkel, whose reelection for the third term in office was confirmed yesterday by a 504 to 127 vote in the Bundestag, said on Wednesday that the European economy has been recovering gradually this year and that Germany would continue pushing for a closer integration in the area in order to improve the situation further.
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