German ZEW survey has signalled a quick end to the recession – ABN AMRO
13.11.2019, 12:45

German ZEW survey has signalled a quick end to the recession – ABN AMRO

Aline Schuiling, the senior economist at ABN AMRO, notes that Germany’s ZEW indicator for economic expectations jumped higher in November as it rose to -2.1, up from -22.8 in November.

  • “The jump in the indicator probably reflects that worries about the outlook for Germany’s exports and industry have eased. Indeed, the details of the ZEW report show that the participants to the survey have significantly raised their expectations about the economic situation in the US, Japan and the eurozone.
  • The ZEW expectations indicators tends to track changes in Germany’s economic growth relatively well. At November’s level of -2.1, it still is below its long-term average value of 21, and the current level would be consistent with GDP roughly stabilising. This would be in line with our scenario for the German economy. On 14 November, the first estimate for Q3 GDP growth will be published.
  • Our (and the consensus) forecast is that GDP contracted by 0.1% qoq during that quarter, which would be the second consecutive quarter of contraction (Q2 was -0.1% qoq as well). This would put Germany in a technical recession.
  • Still, we expect this recession to be neither deep nor long as private consumption, government spending and construction output are expected to expand in the coming quarters, while the negative impact of exports and manufacturing output is expected to diminish. Indeed, we have pencilled in stabilisation in Q4 and modest growth in the first half of 2020.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik