The Ifo institute's business climate index has increased to its highest level since July 2011, rising to 110.6 in January from 109.5 in December and topping consensus of 110. The current-situation reading rose to 112.4 from 111.6 and the expectations print climbed to 108.9 from 107.4,the survey suggests that the economy could grow by 0.5%, well above the 0.25% projected for Q4.
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