German business morale posts record rise, 'light at end of tunnel'

BERLIN (Reuters) - German business morale posted its strongest rise in June since records began and Europe's largest economy should return to growth in the third quarter after the coronavirus pandemic hammered output in the spring, the Ifo institute said.Ifo said on Wednesday its June survey of companies showed the business climate index surging to 86.2 from an upwardly revised 79.7 in May - the largest surge since records started after reunification in 1990.A Reuters poll of analysts had..