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Latest Press Releases

May 2015

21.05.2015 – ZEW (zil/ggr/jpr)

ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe (CEE) - Economic Expectations Nearly Unchanged

In May 2015 economic expectations for Central and Eastern Europe including Turkey (CEE region) remain nearly unchanged. In the current survey the ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE region has decreased by 0.7 points following the small increase in the previous month (April: increase by 2.0 points). The indicator now stands at a level of 47.5 points. The ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe reflects the financial market experts' expectations for the CEE region on a six-month time horizon. The indicator has been compiled on a monthly basis together with further financial market data by the Mannheim Centre for European Economic Research (ZEW) with the support of Erste Group Bank, Vienna, since 2007. read more

21.05.2015 – ZEW (csc/jpr)

ZEW Study on Government Debt - Outright Debt Relief Significantly Decreases Risk of Serial Sovereign Debt Restructurings

Cutting the debts of heavily-indebted countries can weaken or even completely eliminate their willingness to implement much-needed reforms. Despite the risks associated with a haircut, it also bears positive effects. For Example, it substantially reduces the risk of follow-up debt restructurings. This is the result of a study conducted by the Mannheim Centre for European Economic Research (ZEW). read more

20.05.2015 – ZEW (ljr/ggr/jpr)

ZEW-CS Financial Market Test Switzerland - Economic Outlook Improves Once More

In May 2015, the ZEW-CS Indicator rises by 23.1 points to a reading of minus 0.1 points. After the third consecutive increase the reading of the indicator currently neither points towards deterioration nor towards improvement of economic activity in Switzerland. The ZEW-CS Indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon. It is calculated monthly by the Centre for European Economic Research (ZEW) Mannheim, in cooperation with Credit Suisse (CS), Zurich. read more

19.05.2015 – ZEW (jrr/dre/jpr)

ZEW Indicator of Economic Sentiment - Optimism Declines

The ZEW Indicator of Economic Sentiment for Germany declines in May 2015. Decreasing by 11.4 points compared to the previous month, the index now stands at 41.9 points (long-term average: 24.9 points). "Financial market experts have adjusted their optimistic expectations downward in May due to unexpectedly poor growth figures in the first quarter of 2015 and turmoil on the stock and bond markets. However, only a small number of survey participants actually expect a deterioration of the economic situation," says ZEW President Professor Clemens Fuest. read more

07.05.2015 – ZEW (csp/jbn/ggr/jpr)

The Cost of Capital in the European Union - Fiscal Investment Climate in Germany Significantly Improved

Germany has seen the strongest decline in cost of capital among all 28 EU Member States over the past 15 years, from 7.7 per cent in 2000 to 6.5 per cent in 2014. In an EU-wide comparison of company taxation only, Germany has gained ground, climbing from rank 27 in 2000 to the 24th position. The comprehensive corporate tax reforms enacted in 2001 and 2008 as well as the resulting reduction of the corporate tax rate to 15 per cent have thus proven effective, as shown in a survey by the Mannheim Centre for European Economic Research (ZEW). However, real and financial investments still have not reached an equal footing. read more

06.05.2015 – ZEW (msc/ggr/jpr)

China Economic Panel (CEP) of the Centre for European Economic Research (ZEW) and Fudan University (Shanghai) - Growth Trend of the Chinese Economy Slows Down

The CEP Indicator, which reflects analysts' assessments of the macroeconomic outlook for China for the next twelve months, has clearly receded in April 2015. For the current survey period (13th - 25th April, 2015), the indicator has a value of 2.6 points and is thus 11.8 points lower than in March. The increases, which had been achieved over the two previous months, have therefore been re-reduced by half. The values from April considerably undercut the indicator's long-term average of 11.0 points, demonstrating that the indicator’s mid- to long-term downward trend, which has prevailed since autumn 2013, is continuing. One possible reason for the expected slowdown of the Chinese economy is the slightly lower growth in Chinese exports than was forecast. Looking at the different regions, the economic downturn is expected to have a particularly large impact on Shanghai. read more

06.05.2015 – ZEW (cfu/ggr/jpr)

ZEW President Fuest on UK's General Elections on 7 May, 2015: "New Orientation"

On 7 May, 2015, general elections will be held in the UK. The coalition government consisting of conservatives and liberal democrats must face the public vote. According to many observers, the outcome of these elections will be decisive not only in determining the United Kingdom's economic policy orientation in the years to come, but also for London's EU policy. read more

April 2015

27.04.2015 – ZEW (der/fkr/jpr)

German Information Economy - Positive Expectations in the Information Economy

The economic sentiment among businesses in the information economy currently remains favourable. The ZEW Sentiment Indicator, which considers the current business situation as well as the companies' business expectations, has reached 63.4 points. Compared to the first quarter of 2015, expectations regarding economic development have shown improvement in the second quarter of 2015. This is the result of a survey conducted by the Centre for European Economic Research (ZEW) in March 2015 in the information economy (further information regarding the survey is available at the bottom of this press release). read more

24.04.2015 – ZEW (zil/ggr)

ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe (CEE) - Stable Economic Prospects

In April 2015 economic expectations for Central and Eastern Europe including Turkey (CEE region) remain roughly unchanged. In the current survey the ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE region has increased by 2.0 points to a level of 48.2 points. The largest increase is displayed by the indicators for Hungary (increase by 21.8 points) and for the Czech Republic (increase by 18.0 points). The largest decrease is displayed by the indicator for Turkey (decrease by 14.9 points). read more


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