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Germany's February business climate index remained unchanged from last month, and the new government's commitment to economic recovery is facing a test.
On February 24th, Jinshi data showed that the survey revealed that the business climate of German enterprises in February unexpectedly stagnated, posing a difficult problem for the future government after the election. The German think tank IFO data showed that its business climate index, after a slight upward revision to 85.2 in January, remained unchanged at 85.2 in February, with the market predicting that the index would rise to 85.8. The conservative Christian Democratic Union/Christian Social Union led by Merz won the election on Sunday. He promised to cut red tape, encourage investment, and drop energy prices to boost Germany's shrinking economy. IFO surveyed about 9,000 companies monthly, and the results showed that the current situation index unexpectedly dropped from 86.0 in January to 85.0 in February, while the expected index rose from 84.3 to 85.4.