German business confidence up more than expected
Jordan 2011 - World Economic Forum Special Meeting on Economic Growth and Job Creation in the Arab World by World Economic Forum
License (according to Flickr): Attribution-ShareAlike License
License (according to Flickr): Attribution-ShareAlike License
FRANKFURT, Germany A key measure of German business optimism rose slightly more than expected in December, suggesting Europe's largest economy will avoid a recession despite a recent slowdown in growth. The Ifo institute said Wednesday that its main index rose to 102. 4 from 101. 4 the month before. The consensus expectation among market analysts was 102. 0 The survey is a leading indicator, suggesting where the economy may be going in the months ahead. It's based on a poll of 7,000 business executives about how they see things now and six months from now. Their views about current conditions darkened, suggesting that the fourth quarter may see the economy shrink slightly. But that was outweighed by brighter expectations for the future, suggesting that an outright recession, defined as two straight quarters of falling output, is unlikely. The German economy grew only a modest 0.
Keywords:
economy growth recession quarter German business optimism percent quarterly contraction previous three-month period Economist Alexander Koch outright recession Ifo institute largest economy recent slowdown brighter expectations Ifo results consensus expectation key measure German economy Christian Schulz main index brighter outlook Berenberg Bank market analysts senior economist production in anticipation of more confidence rebound straight quarters GDP growth current conditions business executives companiesPeople:
Christian Schulz
Overall Sentiment: 0.180754
Relevance: 0.877625
| Sentiment | Quote |
|---|---|
| 0.0637978 | "The confidence rebound should continue, gradually feeding through to GDP growth as companies start investing again," Schulz said. ... |
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Disambiguation: Athlete | FootballPlayerReferences:
Alexander Koch
Overall Sentiment: 0
Relevance: 0.564231
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Additional Info:
Organization: Ifo institute
Overall Sentiment: 0
Relevance: 0.805693
Company: UniCredit
Overall Sentiment: 0
Relevance: 0.58415
Disambiguation: References:
Company: Berenberg Bank
Overall Sentiment: 0.518058
Relevance: 0.554277
City: FRANKFURT
Overall Sentiment: 0.273269
Relevance: 0.699709
Disambiguation: References:
Country: Germany
Overall Sentiment: 0.204453
Relevance: 0.552012
Disambiguation: Location | GovernmentalJurisdictionReferences:
Continent: Europe
Overall Sentiment: -0.0143216
Relevance: 0.549506
Disambiguation: References:
FieldTerminology: GDP
Overall Sentiment: 0.147994
Relevance: 0.545221
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Source URL: feeds.cbsnews.com
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Webpage Provided Keywords:
- business index
- dpst cbseuro
- economy
- Germany
- ifo survey
- recession
Site Provided Title:
German business confidence up more than expected
URL Provided Desc:
Latest survey suggests Europe's largest economy will avoid a recession despite a recent slowdown in growth
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