Mexican Media Brands
Economic Sentiment Plunges in Germany
The likelihood of a U.S.-triggered global trade war has made financial experts in Germany sharply less confident about the country’s economy.
#economics
Share
The likelihood of a U.S.-triggered global trade war has made financial experts in Germany sharply less confident about the country’s economy.
A closely watched indicator of economic sentiment by the Center for European Economic Research (ZEW) plummeted from 17.8 points in February to only 5.1 points in March. The index’s long-term average is 23.6.
ZEW adds that the proportion of polled experts who expects Germany’s economy to decline over the next six months has nearly doubled to 13%. The financial community also worries that Germany’s export-reliant economy will be hurt by a strong euro, which makes exported goods more expensive for their recipients.
The experts have turned equally cautious about the outlook for the eurozone. A separate ZEW index for that region plunged to 13.4 points this month from 29.3 in February.
RELATED CONTENT
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .
-
Study: Border Tax, NAFTA Exit Would Hurt U.S.
The U.S. auto industry would lose at least 31,000 manufacturing jobs and 450,000 units of annual sales if the U.S. imposes 35% tariffs on cars from Mexico, as President-elect Donald Trump has vowed to do.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.