How often does it happen that we hear good news on the economy for the public? So I had no choice when I read a few days ago that Germany has slowed down of less than 0.6% of the last quarter, and that optimism has returned.
The survey was conducted by the Centre for European Economic Research (the acronym in German is ZEW) on a sample of 350 financial experts. This index called ZEW in February was 48.2. The forecasts were 35 but in January it was 31.5. It’s the highest figure since April 2010. This value represents a summary indicator of the prevailing sentiment among financial operators on economic developments in Germany with a time horizon of six months.
The index value is very positive and is on the same wavelength as the outlook of the Bundesbank which provides for an increase in production in the first quarter of 2013. However, the forecast of the German GDP is still 0.4%, compared to the less than 0.3% of the Eurozone.