“The financial market experts are beginning to see a light at the end of the very long tunnel. The results of the special questions on the coronavirus crisis included in the survey show that the experts do not expect to see positive economic growth until the third quarter of 2020.Economic output is not expected to return to pre-corona levels before 2022,” comments ZEW President Professor Achim Wambach on the experts’ predictions.
Financial market experts’ sentiment concerning the economic development of the eurozone has also considerably improved, bringing the indicator to a current level of 25.2 points for April, 74.7 points higher than in the previous month. By contrast, the indicator for the current economic situation in the eurozone declined by 45.4 points, falling to a current reading of minus 93.9 points.
Although inflation expectations for the euro area have risen by 23.0 points, they are still well in negative territory, currently standing at minus 23.9 points.A further decline in the inflation rate is therefore expected for the next six months.