German confidence in the future
Photo: Martin Meissner/AP

German confidence in the future rises sharply and unexpectedly

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The ZEW index, which measures confidence among German investors and analysts, rose to 59.6 in January. This is the highest level since mid-2021, notes Bloomberg.

“2026 could mark the turning point,” ZEW director Achim Wambach said in a statement.

The previous month, the index was at 45.8 and analysts' average forecast was that it would rise to 50.9, according to a compilation by the Bloomberg news agency.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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