ZEW: The economic outlook for the German economy has dimmed noticeably
|Following the release of the monthly ZEW Survey for Germany, the country’s highly influential institute presents a dour outlook of the economy.
Key takeaways
“Assessment of the economic situation in Germany has worsened in the current survey.”
“Compared to the previous month, the outlook for the economic development in the next six months has noticeably deteriorated.”
“Further decline of the ZEW indicator of economic sentiment is mainly due to the persisting supply bottlenecks for raw materials and intermediate products.”
“Financial market experts expect profits to go down, especially in export-oriented sectors such as vehicle manufacturing and chemicals/pharmaceuticals.”
“49.1 percent of the experts still expect the inflation rate to rise further in the next six months.”
Related reads
- German ZEW Economic Sentiment Index drops to 22.3 in October, misses estimates
- EUR/USD Forecast: Euro stays near 2021 lows as ECB doubles down on dovish outlook
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.