(RTTNews) - The world economy will continue its recovery in the current quarter and the following months, the Bundesbank said Thursday.

In its monthly report for November, Germany’s central bank said there are signs of a more solidly-grounded recovery.

Moreover, the central bank said it does not expect sharp rises in German unemployment in the near term, which is in contrast to several economists’ expectations. The bank said the German economy has benefited from the global recovery but a sustained upswing is not yet assured. Looking ahead, the economy should continue to benefit from public stimulus programs, the central bank added.

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Posted in Categories: Economy, Eurozone, Releases, USA.

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