The ZEW economic sentiment indicator for Europe’s largest economy fell unexpectedly in August, posting its sharpest decline in two years. This is what he writes Financial Times.
The indicator fell by 22.6 points over the month to 19.2 points. The decline was almost three times greater than analysts surveyed by the publication expected.
“Germany’s economic prospects are being destroyed,” said ZEW President Achim Wambach.
He said high uncertainty, disappointing U.S. trade data and growing concerns about escalating conflict in the Middle East were weighing on economic sentiment.
All of these factors contribute to investors’ diminishing confidence in the prospects for the German economy, Wambach said.
Before that, it was known how much the Russian Federation could do. to spend all your financial reserves.
Earlier economists got worse German GDP growth forecast for 2024.
Source: Gazeta
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