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Economic Outlook Brightens; Interest Rate Turnaround Expected
The ZEW Indicator of Economic Sentiment for Germany again recorded an increase in the current March 2024 survey. At 31.7 points, it is 11.8 points above the February 2023 value. In contrast, the assessment of the economic situation in Germany has barely changed. The corresponding indicator increased by 1.2 points to a new value of minus 80.5 points. “Economic expectations for Germany are significantly improving. At the same time, more than 80 per cent of those surveyed anticipate that the ECB will cut interest rates in the next six months. This could explain the more optimistic outlook for the German construction ... (full story)
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