Economics
Investor Hopes for German Economy Rebound After Vaccine Progress
- ZEW index rises to 55.0 in December; median est. 46.0
- Third-quarter growth in euro area driven by private spending
Shoppers on Kurfurstendamm in central Berlin on Dec. 6.
Photographer: Maja Hitij/Getty Images
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Investor confidence in the outlook for Germany improved, on hopes that the roll-out of Covid-19 vaccines will boost the recovery in Europe’s largest economy.
ZEW’s gauge of expectations for the next six months rose to 55.0 in December from 39 a month earlier. That’s still well below levels recorded in September, before the region was hit by a second wave of infections.