Investors' confidence in the German economy rose significantly in June, beating analysts' forecasts, thanks to optimistic GDP forecasts.
Lara Maior
International
Foto Pixabay
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The ZEW index, which measures investors' expectations, rose to 47.5 points in June from 25.2 points in the previous month, beating the average estimate of 35 points. This rise in confidence is supported by the German government's recent fiscal measures and the ECB's interest rate cut, which could signal the end of economic stagnation in Germany, according to ZEW president Achim Wambach.
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