The mood among German financial investors has substantially brightened, a key economic indicator shows. They expect Europe's largest economy to slow down a bit before making a strong rebound early next year. In December, the Center for European Economic Research (ZEW) economic indicator rose by a staggering 22.6 points, from minus 11.5 points in November to plus 6.9 points this month, ZEW said Tuesday. The indicator, which gauges the opinions of German financial market experts, rose stronger than predicted by economists who had forecast only a modest increase to minus 12 points in a poll carried out by the Reuters news agency. "While German growth is expected to cool off through the rest of the year, investors think the country will be spared an outright recession," ZEW director Wolfgang Franz said in a statement. He added, however, that this depended on the eurozone debt crisis not deepening again. The highest ZEW indicator reading in more than six month was caused by upbeat expectations about the future, as well as by more favorable perceptions about current developments. The center's sub-index fathoming present moods rose from 5.4 points in November to 5.7 points now. The optimism of German financial investors contrasts with predictions about economic development made by Germany's central bank. In its latest report, the Bundesbank forecast the German economy to shrink in the final quarter of 2012, and sees only meager growth of 0.4 percent for the whole of 2013.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor