Investor sentiment rises in 'robust' Germany: ZEW
RANKFURT : Investor sentiment in Germany rose for the second month in a row in December, amid confidence Europe’s biggest economy is robust enough to withstand the refugee crisis, a leading survey said Tuesday.
The investor confidence index calculated by the ZEW economic institute rose to 16.1 points from just 10.4 points a month earlier, the think tank said in a statement.
“While the large influx of refugees is above all a major challenge facing policy-makers and civil society in Germany, the economic slowdown in emerging markets is exerting pressure on the German export industry. However, confidence is growing that the German economy is sufficiently robust to meet these challenges in the coming year,” said ZEW president Clemens Fuest.