German consumer morale improves further as coronavirus restrictions fade – ZAWYA

German consumer morale improves further as coronavirus restrictions fade – ZAWYA

German consumer morale improves further as coronavirus restrictions fade German consumer morale improves further as coronavirus restrictions fade | ZAWYA MENA Edition HomeEconomyGlobalArticleGerman consumer morale improves further as coronavirus restrictions fade Both economic and income expectations rebounded into positive territory    People are seen in a supermarket after the re-opening of the borders, amid the coronavirus disease (COVID-19) outbreak, at the Rhein Center shopping mall in Weil am Rhein, Germany June 15, 2020. BERLIN - The lifting of restrictions imposed to contain the coronavirus has made German consumers more eager to take out their wallets and more positive about their income prospects, a survey showed on Thursday.The consumer sentiment index, published by the Nuremberg-based GfK institute and based on a survey of around 2,000 Germans, rose to -9.6 heading into July, rebounding from -18.6 the previous month and beating a Reuters forecast for -12.0.The pandemic is expected to sink Germany into its worst recession since World War Two and the government has approved two stimulus packages financed with record new borrowing to revive the economy, including lower value-added tax (VAT) rates from July 1 for six months to boost consumption.The consumer sentiment index, published by the Nuremberg-based GfK institute and