Germany pandemic economy Coronavirus Germany

German economic outlook rises, remains subdued

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FRANKFURT – Business optimism in Germany rose somewhat in December but remained at depressed levels as the pandemic continues to whipsaw Europe's largest economy.The closely-watched Ifo index increased to 92.1 points from 90.9 but remains below the 92.5 from October.

Manufacturing optimism rose markedly, while services companies that depend on personal contact such as tour operators, hotels and performing arts were hurting.

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