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The ifo Institute warns against excessive...>

GERMANY
GERMANY: The ifo Institute warns against excessive pessimism over the German
economy:
* "Since May incoming orders in manufacturing have been on the rise again,
according to ifo's latest surveys. This marks a reversal in the sharp decline
seen since the beginning of this year. The uptick in demand for German products
suggests that the German economy will gain impetus in the second half of the
year," notes Timo Wollmershauser, ifo's Head of Economic Forecasting and
Surveys.

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