Expectations for economic growth in Germany improved in June, but remained much lower than pre-war levels in Ukraine, according to data from the ZEW Institute for Economics.
The economic expectations index rose to -28 points in June from -34.3 points in May. Economists expected the index to rise to -26.5 points.
“Market experts are less pessimistic about the economy. However, the economy is still exposed to many risks, such as the effects of sanctions on Russia, the unclear state of the pandemic in China and the gradual change in monetary policy.” said the president of the ZEW institute, Achim Wambach.
Views on the current economic situation in Germany also improved in June. The index, which measures current conditions, rose to -27.6 points in June from -36.5 points in May, higher than expected for -31 points.
Source: Capital
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