Euro area is more optimistic, said Ifo

For the German Institute for Economic Research Ifo, the economic climate of the euro area for the first quarter of 2017 has improved markedly. Indeed, the Ifo index jumped from 8.2 to 17.2 balance points quarter-on-quarter and reflected significant optimism on behalf of the experts regarding the near economic future. However, the economic climate remained unfavorable in Greece, Portugal and Italy. According to Cyceon, it is now necessary to determine whether the experts are counting on electoral results favorable to economic growth next spring in France and next fall in Germany or whether they themselves expressed the hope of “healthy political break” on behalf of a growing portion of European public opinion.