German investors increasingly optimistic as COVID cases fall

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BERLIN (AP) — German investors are increasingly optimistic about the country’s economy as the latest surge in the coronavirus pandemic seems to be slowing. The Mannheim-based ZEW institute said Tuesday its indicator of economic expectations for Germany over the next six months increased 13.7 points in May over the previous month to a reading of 84.4, the highest value since the beginning of the COVID-19 pandemic. The last time the indicator was at a higher level was in February 2000. The increase came after an unexpected drop in April, when new daily coronavirus cases were much higher in Germany.

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