Latest data released by ZEW - 21 April 2020
- Prior -43.1
- Expectations 28.2 vs -42.0 expected
- Prior -49.5
- Eurozone expectations 25.2
- Prior -49.5
Despite the headline reading falling sharply, the thing that stands out is that investor sentiment shows that there is hope as market participants see light at the end of the tunnel.
Both German and Eurozone expectations rebounded strongly, but ZEW is quick to note that those surveyed do not expect positive economic growth until Q3 at least. Adding that economic output is not expected to return to pre-virus levels before 2022.
That's one long tunnel.
