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Economic Outlook Drops to 20-Month Low in Germany
Expectations in Germany about the country's economic future fell sharply in August as worries about the impact of geopolitical tensions continue to rise, according to the closely watched ZEW Indicator of Economic Sentiment.
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Expectations in Germany about the country's economic future fell sharply in August as worries about the impact of geopolitical tensions continue to rise, according to the closely watched ZEW Indicator of Economic Sentiment.
The German economic institute warns that economic growth in Germany "will be weaker in 2014 than expected."
The ZEW index plunged 18.5 points to 8.6 from July to August, its biggest monthly decline in 14 months. The index began the year at 62.
ZEW's outlook index for the eurozone plunged 24.4 points to 23.7 from July to August. A separate measure of current economic conditions dropped 2.3 points to -33.8.
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