[ad_1]
Investor confidence in Germany rose in January, according to recent figures, ending concerns about global supply chain disruptions and the spread of the omicron variant of the novel coronavirus. The monthly barometer measuring economic expectations of the Leibniz Centre for European Economic Research in Mannheim (ZEW) rose by 21.8 points to 51.7 despite difficult circumstances.
The period of economic weakness ‘should soon be overcome’, ZEW president Achim Wambach said.
Investors assessment of the current economic situation dipped again, down 2.8 points to minus 10.2, after Europe’s largest economy more than likely shrank in the last quarter of 2021.
Investor confidence in Germany rose in January, say recent figures, ending concerns about global supply chain disruptions and the spread of the omicron variant. The monthly barometer measuring economic expectations of the Leibniz Centre for European Economic Research in Mannheim (ZEW) rose by 21.8 points to 51.7 despite difficult circumstances.
Investors expected growth to ‘improve in the first half of the year’, Wambach said, attributing the increasing positivity to expectations the ‘incidence of the coronavirus would diminish’ over the coming months.
The German economy has been beset by supply chain disruptions that have held back industrial production and growth.
Germany has experienced a sharp hike in coronavirus cases in recent weeks due to the spread of the more transmissible Omicron variant.
Fibre2Fashion News Desk (DS)
[ad_2]
Source link
