It is leading indicator of Germany economic health. Germany is putting the worst of its dilemmas behind it and planning to raise its growth this year and initiate investment to retain Europe major economy more competitive as it turns climate aware, digital and its population’s ages.
German New Economic Expectations sees development improving to 1.1% in 2020 while 1.3% in 2021. German Economy Minister Peter Altmaier said that, existing development cannot be measured as satisfactory, we have to strength growth, productivity and competiveness. After that we will see required investment in future. In order to boom Germany economy, it is expected that more than 160 billion euros to be invested through 2023.
German New Economic Expectations is calculated on the basis of few factors such as interest rate, sentiments, industry growth etc. The baseline number is 0.00, reading below indicates a gloomy outlook while reading above indicate optimism.