German business barometer rises, but the rebound is expected to lose steam.

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The outlook for German growth continued to improve in September, according to a survey of business managers that has a good track record of predicting the direction of Europe’s largest economy.

The survey of business expectations by the Ifo Institute in Munich, probably Germany’s most closely watched economic indicator, rose for the fifth month in a row.

But economists say the rebound in Germany and the rest of the eurozone is likely to slow in coming months because of a resurgence of the coronavirus.

The bloc is entering a “tricky transition period” as government stimulus programs start to run their course, said Marion Amiot, senior economist at S&P Global Ratings. “The reopening of economies was the easiest part of the recovery,” she said in a note.

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