“The announcement of imminent vaccine approvals makes financial market experts more confident about the future. The ZEW Indicator of Economic Sentiment increased significantly in December despite the still high numbers of new coronavirus infections. This is most likely due to the announced forthcoming COVID-19 vaccine approvals,” comments ZEW President Professor Achim Wambach on the current expectations.
The financial market experts’ sentiment concerning the economic development of the eurozone improved even more significantly than for Germany, bringing the indicator to a current level of 54.4 points for December, 21.6 points higher than in the previous month. The indicator for the current economic situation in the eurozone remained almost unchanged, climbing 0.7 points to a current reading of minus 75.7 points compared to November.
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