The EU economy is not much without Germany , the largest nation in the region by GDP. Growth has slowed there based on PMI and other critical measure of financial activity. The concern that Germany will go into recession is a concern that all of the eurozone faces several years of struggle.
But, the ZEW economic sentiment indicator in Germany was up 1.4 points, which stops a nine month slide.
According to MarketWatch,
The indicator improved to the minus-53.8 level in December from minus-55.2 in November, the Mannheim-based Center for European Economic Research, or ZEW, reported Tuesday. “The economic sentiment for Germany seems to have bottomed out,” said ZEW President Wolfgang Franz in a statement. “Apparently, the financial-market experts expect the economic activity to slow down, but not to plunge during the next six months.”
It remains to be seen if Germany can keep the improved pace. Its large export partners in the eurozone are in financial trouble, and unemployment remains high. And, the recovery in the US is tentative.
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