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German economic sentiment rises in March

03-14-2012 14:03 BJT

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Some reassuring news out of the eurozone now - German economic sentiment jumped in March to its highest level since June 2010, confirming hopes that Europe’s largest economy has recovered from a weak patch.

The index, jumped to 22.3 in March from 5.4 in the previous month, beating forecasts for a moderate rise to 10. The monthly survey from the Centre for European Economic Research is based on opinions of 285 analysts and investors and is considered a common gauge of Germany’s economic sentiment.

Economists behind the survey say Germany would not slip into a recession despite the fact that the economy shrank by 0.2 percent in the fourth quarter last year. The first quarter this year isn’t looking so great either, as shown by a decline in the current conditions index to 37.6 from 40.3.

However, economists say Germany’s economy would remain stable in the first three months of 2012 and there are even signs the rest of the euro zone is starting to catch up.

 

Editor:Zhang Rui |Source: CNTV.CN

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