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Financial decision-maker sentiment: Germany

An ongoing look at how the attitudes of financial decision makers in Germany are evolving during the COVID-19 pandemic.

While the majority of German financial decision makers still view the current state of their economy as weak or neutral, expectations for the economy in three months have improved. Similarly, more than half describe their current financial situation as weak, but less than 15 percent believe it will worsen in the next three months. Less than a third of financial decision makers report a reduction in household income, savings, and spending over the past month. Still, 31 percent of consumers are concerned about job security. Most consumers feel banks are performing per their expectations and would like them to waive late fees.

About the author(s)

John Euart is an associate in McKinsey’s New York office, Nuno Ferreira is an associate partner in the Lisbon office, Gonçalo Niza is a specialist in the Madrid office, Nadya Snezhkova is a specialist in the London office, and Ursula Weigl is a partner in the Munich office.

The authors would like to thank Harshit Gupta for his contributions to this article.

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