Germany's Ifo Business Climate indicator climbed to 89.4 in April 2024, marking the third consecutive monthly increase. Sentiment toward Europe's largest economy surged to its highest level since May 2023, driven by growing expectations of potential interest rate cuts by the European Central Bank and a gradual easing of inflationary pressures. Companies expressed less pessimism about the future (89.9 vs. 87.7 in March) and adopted a less negative view of the current business situation (88.9 vs. 88.1).
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