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German Economy Robust

German Economy Robust German Economy Robust

German economic sentiment has picked up further in December, a survey of analysts and institutional investors showed Tuesday, pointing to a slight acceleration of economic activity following a slack third quarter, Nasdaq reported. The ZEW indicator of economic expectations rose to 16.1 from 10.4 in November, its highest level since August. Economists polled by The Wall Street Journal had forecast a smaller increase to 15.0. “The German economy is sufficiently robust to meet the challenges in the coming year,” said Clemens Fuest, the president of the ZEW thinktank. “While the large influx of refugees is, above all, a major challenge facing policymakers and the civil society in Germany, the economic slowdown in emerging markets is exerting pressure on Germany’s export industry,” he said. The ZEW indicator of current economic conditions picked up too, following two consecutive declines, rising to 55.0 in December from 54.4 in November. The data are the latest in a string of improving economic indicators for Europe’s largest economy.

 

Financialtribune.com