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German investor morale grew in February on expectations that restrictions to contain COVID-19 will ease, boosting growth in Europe’s biggest economy.
Source: ZEW
DAX up +1.65%, EUR USD up +0.31%
The ZEW economic research institute stated that its economic sentiment index grew to 54.3 from 51.7 in January.
Achim Wambach, ZEW President, stated that the economic outlook for Germany continued to bounce back in February despite increasing economic and political uncertainties.
Wambach further stated that financial market experts project an easing of pandemic-related restrictions and an economic recovery in the first half of 2022.
An index for current conditions expanded to -8.1 points from -10.2. The consensus forecast was for a reading of -6.0.
Russian military incursion into Ukraine could slow down Germany’s recovery, more so if Western powers respond with sanctions on Russia’s energy sector and the Russian government stops gas deliveries to Europe.
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