German ZEW Indicator Burdened by Crimea Crisis
From zew.de
Economic Expectations for Germany have worsened in March 2014. The ZEW Indicator of Economic Sentiment has decreased by 9.1 points and now stands at a level of 46.6 points (historical average: 24.6 points). "In this month’s survey the Crimea Crisis is weighing on experts’ economic expectations for Germany. Nevertheless, the indicator’s level suggests that the economic upswing is currently not at risk,” says ZEWPresident Prof. Dr. Clemens Fuest. The indicator reflecting the expert’s assessment of the current economic situation for Germany has improved by 1.3 points in March, reaching a level of 51.3 points. ...
(full story)