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Confidence in Germany’s Economy Jumps
The outlook among financial experts about Germany’s economy improved significantly in September, according to ZEW (the Center for European Economic Research).
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The outlook among financial experts about Germany’s economy improved significantly in September, according to ZEW (the Center for European Economic Research).
ZEW’s Indicator of Economic Sentiment rose 7.0 points to 17.0, reversing a decline in August. But the index is still below the long-term average of 23.8. The center attributes the upturn to economic stability, sharp growth in bank lending and increased investments at the government and private enterprise levels.
Germany’s financial markets also grew more optimistic about the eurozone, where a separate ZEW indicator rose 2.4 points to 31.7.
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