German economy in party mood
German companies and consumers are starting the new year brimming with confidence, two key surveys found Thursday, signalling that Europe's purring top economy is unfazed by Berlin's slow path to a new government.
German business morale soared to a fresh record high in January, the Ifo economic institute said, surpassing analyst expectations.
At the same time, a forward-looking survey by market research GfK forecast that consumer confidence rose to its highest level since 2001, buoyed by record-low unemployment and expectations of wage hikes.
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