German business sentiment continued to improve

Unlike the expectations of analysts, the German IFO business sentiment indicator increased, compared to the previous month and standing on its highest value, since June 2007.

Klaus Abberger, IFO's chief economist said, that growth in the second half of 2010 will not be sustainable, but there will be no overall deterioration in the second half of the year, and the German economy can become stable. He added that the only threat for Germany's economic growth can be the foreign situation – reports tozsdeforum.hu.