German economic confidence improved strongly in April to its highest level in nearly five years, as financial market experts turned optimistic though their assessment of the current situation hit a near 11-year low amid the lockdown triggered by the coronavirus, or Covid-19, pandemic.
The ZEW Indicator of Economic Sentiment advanced 77.7 points to 28.2 points in April from -49.5 in March, survey data from the ZEW - Leibniz Centre for European Economic Research showed Tuesday.
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