German business confidence rises in July
A survey conducted by the Ifo Institute showed that German corporate confidence rose in July to 86.6 points, the highest level since February. This increase comes despite the risks associated with the Iranian war. It reflects a continued improvement in the business climate for the third consecutive time, with expectations of a slight increase compared to June, despite the unstable conditions in the Middle East. The institute's president reaffirmed that the German economy is exhibiting a decrease in the level of pessimism.
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