German investors take keen optimism in country´s economic recovery

Berlin, May 12 (Prensa Latina) The ZEW Institute at the University of Mannheim, Germany, did a research founding that 188 German investors took keen optimism in the country's economic recovery as Covid-19 case toll dwindled.

May 12, 2021
07:52

According to ZEW Institute, its economic expectation index in Germany for next six months scaled up from 13.7% in May, compared to the previous month, to 84.4%, highest value since the beginning of the pandemic.

In April, ZEW Institute´s economic expectation index plummeted, at a time when coronavirus case toll was too high.

Achim Wambach, head of ZEW Institute, said ‘with third Covid-19 wave slowdown, financial markets have become even more optimistic’, adding that ‘experts forecast a significant rise in the economy for next six months.’

Investors were also optimistic about German economy´s current situation, as expectation index rose 8.7% to minus 40.1%.

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