By Maria Martinez
BERLIN, Dec 16 (Reuters) – German investor morale rose more than expected in December, the ZEW economic research institute said on Tuesday, as expectations about Germany’s economic situation improve.
The index rose to 45.8 points in December. Analysts polled by Reuters had expected a reading of 38.7, up only slightly from last month’s 38.5.
“After three years of economic stagnation, chances for a recovery of the economy are good, and this is reflected in the sentiment,” said ZEW president Achim Wambach.
He said expansive fiscal policy will provide new momentum to the economy.
Germany’s government has approved a surge in public spending targeting defence and infrastructure, hoping to close gaps in long-neglected areas of investment while hauling the economy out of its downturn.
The special infrastructure funds must be released next year quickly and in…
