As per analysis report submitted by ZEW, this month, the recovery in the German economy has been suffering a consistent sloth. However, Francis Bray, the chief analyst at Dow Jones, said that the speed may rise in the upcoming months given the value of euro hitting the $1.40 mark.

The report presented by ZEW, involved the data collected from over 289 German analysts.

"German business activity has moved from the intensive-care unit to the rehab. But it is still far from full recovery", said ZEW President Wolfgang Franz.

The ZEW index rose to -51.9 points from -54.8, in February.

The statistics provided by the European Union stated that the consumer inflation the euro zone reduced to 0.9% in February.

Michael Markovic, a senior fixed-income strategist at Credit Suisse Group AG in Zurich said that EU will certainly provide an aid to Germany.

Agreeing with Markovic, an anonymous EU official said that the euro zone Governments will contribute funds to provide straight loans to the German Government.

Of the total 289 analysts surveyed, 90 were from Bloomberg, who predicted that the benchmark rate for Germany will remain at 0.25%.