ZEW – Leibniz Centre for European Economic Research- has released an Index of Economic Expectations of analysts and investors in Germany. The survey was conducted from March 9 to 16 and showed rather interesting results. The data analysis has shown that German experts are optimistic about the future. It is assumed that Germany’s economy will return to growth in the third quarter of 2020. A full recovery of production is expected in about a year and a half. This is a very quick result!
In quantitative terms, we can see investors’ optimism due to a sharp jump of IEE (Index of Economic Expectations). If in March the value of the indicator decreased to a mark of -49.5 points (an eight-year low), then in April it has grown by almost 78 points to a value of +28.2.
The experts began to calculate this index at the end of 1991. April has become a record month in the entire history of observations on the growth rate.
By the way, even the most daring analysts could not predict the surge of the index. The consensus forecast was equal to -42.3 points.
The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group