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Slight Improvement in German Consumer Confidence Despite Economic Woes

A recent survey indicates a modest increase in German consumer willingness to make large purchases as the new year approaches, despite ongoing concerns over high food prices and job security. The GfK and NIM reported a rise in the consumer mood index to -21.3, yet economists warn that a significant economic recovery remains unlikely, citing persistent consumer anxiety and uncertain government actions. They emphasize a cautious outlook for private consumption in the face of worsening job security worries.

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