Gernot Nerb, chief economist at the Ifo research institute, talks about the factors behind the unexpected rise in the February German business confidence index reported today, including consumer demand and the role of emerging markets in offsetting the effects of slower U.S. economic growth. Evidence that confidence in Europe's largest economy is holding up may reduce the need for the European Central Bank to lower interest rates. (Source: Bloomberg)
This is an important reason why the Euro is much stronger than the US Dollar.
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George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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