“Financial market experts are less pessimistic about the economy. However, the economy is still exposed to numerous risks, such as the effects of the sanctions against Russia, the unclear pandemic situation in China and the gradual change of course in monetary policy. So although expectations have improved, they are still deep in negative territory,” comments ZEW President Professor Achim Wambach on current expectations.
The financial market experts’ sentiment concerning the economic development of the eurozone increased by 1.5 points in June and currently stands at minus 28.0 points. The situation indicator rose to a new level of minus 26.4 points, increasing 8.6 points compared to the previous month.
Inflation expectations for the eurozone declined again in the June survey. The indicator currently stands at minus 32.4 points, 21.8 points lower than in May.
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