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Economic Sentiment Drops in Germany
Slower than expected economic growth in the first quarter of 2015 prompted Germany's financial community to soften its outlook for the country's economy, according to the latest economic sentiment indicator from ZEW (Mannheim Center for European Economic Research).
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Slower than expected economic growth in the first quarter of 2015 prompted Germany's financial community to soften its outlook for the country's economy, according to the latest economic sentiment indicator from ZEW (Mannheim Center for European Economic Research).
The institute's index fell 11.4 points to 41.9 from April to May. ZEW emphasizes a strong majority of the experts it polled expect growth to slow but not reverse.
ZEW's index of current economic conditions in Germany also weakened, dropping 4.5 points to 65.7. Similarly, Germany's financial community has grown more optimistic about current conditions in the eurozone but less positive about the region's longer-term growth.
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