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Sunday, May 26, 2013

German businesses stay confident amidst the economic gloom.

Germany's Ifo index of business confidence rose to 105.7 in May from 104.4 in April and topped estimates of 104.5. The increased positivity follows two consecutive declines and comes despite the EU recession, and as a second reading of Q1 GDP confirms that Germany eked out quarterly growth of 0.1%.

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