The Ifo Business Climate indicator for Germany surged 87.8 in March 2024, climbing from the revised February figure of 85.7, and surpassing market expectations of 86.0. Sentiment for Europe’s largest economy also reached its highest point since June 2023 amid anticipations of possible interest rate cuts by the European Central Bank and an easing of inflationary pressures.

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The Ifo Business Climate indicator for Germany surged 87.8 in March 2024, climbing from the revised February figure of 85.7, and surpassing market expectations of 86.0. Sentiment for Europe's largest economy also reached its highest point since June 2023 amid anticipations of possible interest rate cuts by the European Central Bank and an easing of inflationary pressures.

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