Above all, export expectations increased
Despite the lockdown, after the vaccination campaign started, the stock exchange traders are increasingly optimistic about the German economy. The barometer of their expectations for economic development in the next six months rose in January by 6.8 points to 61.8 points, as the Mannheim Center for European Economic Research (ZEW) announced in its monthly survey of analysts and investors.
Economists had only expected an increase to 60.0 points. In addition, the assessment of the economic situation has improved slightly. “Despite the uncertainty about the further course of the lockdown, the economic outlook for the German economy has improved slightly,” said ZEW President Achim Wambach. The results of the January survey of the ZEW financial market test showed that export expectations in particular had risen significantly.
In Germany, the number of vaccinations has now exceeded the million mark. At the same time, the number of corona infections is still high: The federal and state governments are therefore preparing new tightening of the requirements in the pandemic. Resolutions on this can be expected at a meeting between Chancellor Angela Merkel and the prime ministers of the federal states during the day. According to a proposed resolution, the Chancellor wants to extend the lockdown until February 15. The federal government is also going into the federal-state consultations with a proposal to expand work in the home office by ordinance.
