My sources in German Industry suggest that impact, in consistency and uncertainty arising from US trade, foreign policy and political instability are primary causes.
German Zew: Economic Sentiment Continues Sharp Decline
The ZEW Indicator of Economic Sentiment for Germany once again experienced a sharp decline in April 2018, dropping by 13.3 points compared to March and even 26.0 points compared to February. The indicator currently stands at minus 8.2 points, falling far below the long-term average of 23.5 points. The assessment of the current economic situation in Germany decreased by 2.8 points, with the corresponding indicator currently standing at 87.9 points. “The reasons for this downturn in expectations can mainly be found in the international trade conflict with the United States and the current situation in the Syrian war. The significant ... (full story)
- Posted: Apr 17, 2018 5:10am
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