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 German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.