SOCGEN: The German Slowdown Is Over

This morning's better-than-expected rise in business confidence suggests Germany's slowdown is over, according to Societe Generale's Klaus Baader:With a third successive gain, the ifo business climate index has performed a trend reversal, suggesting that the slowdown in the German economy has come to an end. Of course, a significant economic shock could knock the economy back onto a downward trend, but based on this survey, as well as the PMIs and the ZEW, the slowdown in Germany is over.Germany is expected to show a 0.25% GDP slowdown for the fourth quarter, but it looks like it will do better this quarter, avoiding the two quarters of negative growth that constitute a recession.Here's a chart from SocGen showing Ifo business confidence and GDP growth:Please follow Money Game on Twitter and Facebook.Join the conversation about this story »See Also:Germany Will Avoid Recession Even As 2012 Growth SlowsEuropean Markets Are Going Nowhere Ahead Of Crucial French And Spanish Bond Auctions16 Expert Observations That Will Have You Rethinking Your Investment Strategy

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