“The economic recovery is progressing. Although the ZEW Indicator of Economic Sentiment has experienced a drop in June, it remains at a very high level. The decline in expectations is probably largely due to the considerably better assessment of the economic situation, which is now back at pre-crisis levels. The financial market experts therefore continue to expect a strong economic recovery for the next six months,” comments ZEW President Professor Achim Wambach on current expectations.
The financial market experts’ sentiment concerning the economic development of the eurozone also decreased in June, bringing the indicator to a current level of 81.3 points, 2.7 points lower than in the previous month. The indicator for the current economic situation in the eurozone climbed 27.0 points to a level of minus 24.4 points compared to May 2021.
Inflation expectations for the eurozone have risen by 2.0 points to a new value of 79.6 points. Almost 84 per cent of the experts expect the inflation rate in the euro area to increase further in the next six months.
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