“The slowing down of the third COVID-19 wave has made financial market experts even more optimistic. The ZEW Indicator of Economic Sentiment in the May survey has reached its highest level in more than 20 years. The assessment of the economic situation has also improved noticeably. The experts expect a significant economic upswing in the coming six months. The economic outlook for the euro area and the United States has improved considerably as well,” comments ZEW President Professor Achim Wambach on current expectations.
The financial market experts’ sentiment concerning the economic development of the eurozone also increased sharply in May, bringing the indicator to a current level of 84.0 points, 17.7 points higher than in the previous month. The indicator for the current economic situation in the eurozone climbed 14.1 points to a level of minus 51.4 points compared to April. The outlook for economic development in the euro area has thus improved very significantly.
Inflation expectations for the eurozone have risen by 2.5 points to a new value of 77.6 points. The vast majority of experts expect the inflation rate to increase in the next six months.
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