German think tank IFO: The German economy is emerging from recession
Jin10 Data, April 24 - A survey released on Thursday showed that German business confidence unexpectedly rose in April, although expectations were slightly pessimistic due to increased uncertainty among companies. Klaus Wohlrabe, head of surveys at the German think tank IFO Institute for Economic Research, stated: "The German economy is emerging from recession." The institute reported that the business climate index rose from 86.7 in March to 86.9 in April, exceeding analysts' estimates in a Reuters survey.