U.S. economic outlook helping German sentiment: ZEW economist
MANNHEIM, Germany (Reuters) - - An improved outlook for the U.S. economy drove a sharp increase in German analyst and investor sentiment in December, economists at Germany's ZEW economic institute said on Tuesday, adding that the recession in the euro zone was through the worst.
"The better situation in the United States, and the better outlook for the United States, it's these international connections (that helped improve the sentiment)," ZEW economist Michael Schroeder told reporters.
Fellow ZEW economist Marcus Kappler said it was "fair to say that the recession is bottoming out ... in the euro zone" and that there could be room for more economic growth in Germany than the 1.5 percent some are forecasting for next year.
The ZEW's monthly poll of investor and analyst sentiment for Germany jumped far more than expected in December, hitting its highest level since April 2006.
- Sierra Leone's chief Ebola doctor contracts the virus
- Gaza bloodshed deepens as airlines shun Israel |
- Ukraine rebel commander acknowledges fighters had BUK missile
- TransAsia Airways plane crashes in typhoon-hit Taiwan, killing 47 |
- South Korea ferry fugitive hid behind cabin wall, bags of cash at hand