Will German Economic Health Bounce Back?
Solid American economic confidence is buoying up other regions, specifically Germany, according to Reuters. Economists at the German economic institute, ZEW, told Reuters that investors and analysts had far brighter expectations after the U.S. economy hit an upswing recently, and that the worst of the euro zone recession is behind them.
“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),” Michael Schroeder of ZEW told Reuters. His coworker, Marcus Kappler, seconded Schroeders statement, saying that it’s “fair to say that the recession is bottoming out in the euro zone,” which means next year might give rise to some surprising economic growth.
Angela Merkel was sworn into her third term as Germany’s chancellor this week, saying her priorities will be “solid finances, secure prosperity, and social security,” according to ABC News. She is known for being a firm financial leader in Europe, at a time when the economy has been rocky.