Hans-Werner Sinn

German business confidence has increased dramatically in November, shrugging off the Volkswagen emissions scandal and the recent attacks in Paris, a leading economic think tank says German business confidence bounced back in November as Europe's top economy shrugged off global uncertainty and the deadly jihadist assault in Paris, a leading economic think tank said yesterday. 

German business confidence beat expectations by rising slightly in September, reflecting the continued robustness of Europe's biggest economy amid the current financial market turbulence, the Ifo economic institute said on Sept.24.