Germany Investors and Analysts Confidence Index Increased
Amid ongoing speculations that Europe's economy will gather momentum, confidence of Germany investors increased. It is said that the jump has been witnessed after seven months.
While providing more details about the same, the ZEW Center for European Economic Research, said that index of investors and analyst expectations had climbed at 6.9.
A number of speculations have been going on with regard to the trade to take place in the country next year. It is predicted that the German economy will remain free for first three month in 2013. It will further have an effect on the demand of its good in the European countries.
"Should the sovereign debt crisis continue to ease in the next few months as we expect, this implies a significant revival of the economy in the course of 2013", said Ralph Solveen from Commerzbank AG, Frankfurt.
In addition, economic growth of the country has slipped due to the prevalence of recession in the euro area. To cite details, the German economy has declined from 0.3% to 0.2%. ZEW President Wolfgang Franz said that though the economy has gone down, it will not face recession. But, to see itself free from recession, it is important to make sure that euro zone does not face any major problem.
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