German Business Outlook Improves as Economic Momentum Builds

(Bloomberg) — Germany’s business outlook rose for a fourth month as confidence builds that the country’s economic rebound will strengthen over the rest of the year.

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An expectations gauge by the Ifo institute rose to 90.4 from a revised 89.7 the previous month — less than economists had estimated in a Bloomberg survey. A measure of current conditions fell, according to a statement published Monday.

“It’s not yet a full recovery,” Ifo President Clemens Fuest told Bloomberg Television. “The German economy…