Germans get more upbeat

Tim Wallace
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GERMAN investors are increasingly upbeat as they recover from the initial shock of the war in Ukraine and bank on further economic growth, the ZEW survey showed yesterday.

Its sentiment index rose for the fourth consecutive month, up from 48.4 in January to 53.0 in February.
The score represents another strong reading, as the index’s long-term average stands at 24.6 points.

The figure “provided some reassurance that confidence in the German economy is holding up despite the ongoing turmoil in Greece”, said Capital Economics’ Jessica Hinds. “But this could prove short-lived if Greece and the European authorities fail to reach a deal, as is looking increasingly likely.”