German ZEW Economic Confidence Improves
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German economic confidence unexpectedly improved in May, with the ZEW indicator of economic sentiment rising to -10.2 from -17.2 in April, despite forecasts predicting a drop to -19.1. This marks the third consecutive month the index has remained negative, as financial experts anticipate an end to the Iran war, according to the Mannheim-based Centre for European Economic Research (ZEW).
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