“The ZEW Indicator of Economic Sentiment has increased again, signalling that the experts continue to expect a noticeable recovery of the German economy. Stalled Brexit talks and rising COVID-19 cases could not dampen the positive mood. However, the still negative outlook for the banking sector reveals fears of a rising number of loan defaults in the coming six months,” comments ZEW President Professor Achim Wambach.
The financial market experts’ sentiment concerning the economic development of the eurozone increased by 9.9 points, bringing the indicator to a current level of 73.9 points for September. The indicator for the current economic situation in the eurozone climbed 8.9 points to a level of minus 80.9 points. The outlook for the eurozone has thus also improved noticeably, albeit to a lesser extent than for Germany.
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