German Economic Expectations Increase Slightly, But Remain at Low Level
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Loading... - Martisse Bertin
- 10 May 2022
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Economic expectations in Germany rose slightly in May, as experts are a bit less pessimistic about the outlook for the German economy, the ZEW economic research institute said Tuesday.
The index of economic expectations increased to minus 34.3 in May from minus 41.0 in April, above the minus 44.5 forecast by economists in a poll by The Wall Street Journal.
The experts still assume that the economic outlook will continue to deteriorate, but at a lower pace than expected before, said Achim Wambach, president of the ZEW institute.
The views about the current economic situation in Germany worsened again, with the index falling to minus 36.5 in May from minus 30.8 in April, the ZEW institute said. Economists expected the index to come in at minus 35.0.
The expectations and assessments of the economic situation continue to point to a deterioration of the German economy during the next six months, the ZEW institute said.
With regard to the European Central Bank's monetary policy stance, a large majority of experts expect an increase in interest rates during the next six months. "Accordingly they expect a decline of inflation rates from their very high current level," Mr. Wambach said. Read More...
