“The economic development continues to normalise. In the meantime, the situation indicator for Germany has clearly overcome the coronavirus-related decline. Although the ZEW Indicator of Economic Sentiment has once again fallen significantly, it is still at a very high level. The financial market experts therefore expect the overall economic situation to be extraordinarily positive in the coming six months,” comments ZEW President Professor Achim Wambach on current expectations.
The financial market experts’ sentiment concerning the economic development of the eurozone also recorded a decrease in the July survey, falling to a new reading of 61.2 points. This corresponds to a drop of 20.1 points compared to the previous month.
The situation indicator reached a new level of 6.0 points, climbing 30.4 points compared to June 2021.
Inflation expectations for the eurozone dropped by 10.0 points. However, more than 75 per cent of the experts still expect inflation in the euro area to rise further in the next six months.
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