FRANKFURT, Jan 18 — Confidence among investors in Germany jumped in January, according to figures published today, shaking off concerns about global supply chain disruptions and the spread of the Omicron variant.
Investors assessment of the current economic situation dipped again, down 2.8 points to minus 10.2, after Europe’s largest economy more than likely shrank in the last quarter of 2021.Investors expected growth to “improve in the first half of the year”, Wambach said, attributing the increasing positivity to expectations the “incidence of the coronavirus would diminish” over the coming months.
Last week, the federal statistics agency said that early estimates showed the economy had shrunk “between 0.5 and one per cent” in the last three months of 2021 on the back of bottlenecks and new health restrictions. Sales of new cars in Germany fell by 10.1 per cent in 2021, after a disastrous year in 2020, when they were down 19 per cent due to the pandemic.
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