The assessments of the German economy has recovered from the turmoil in the wake of brexit (British decision to leave the EU), according to the German institute ZEW’s monthly surveys.
the index rose from -6.8 in July to 0.5 in August, slightly worse than the 1.8 that analysts had expected. The index, which measures the current economic situation rose from 49.8 to 57.6, better than the expected 50.0.
According to the ZEW prevents political uncertainty both within and outside the EU, a brighter outlook on the economy.
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