ZEW Indicator of Economic Sentiment June 2012
"The financial market experts’ expectations are a strong warning against a too optimistic assessment of Germany’s economic perspectives in the remainder of this year. The risks of a pronounced decline in economic activity in countries with close trade ties to Germany are very clear. In addition, there is a situation in the Eurozone which continues to be precarious. The outcome of the Greek vote is a short breathing space – just that, nothing more and nothing less ," says ZEW President Prof. Dr. Dr. h.c. mult. Wolfgang Franz.
The assessment of the current economic situation for Germany has worsened. The corresponding indicator has decreased in June by 10.9 points to the 33.2 points-mark. Economic expectations for the Eurozone have deteriorated by 17.7 points in June. The respective indicator now stands at minus 20.1 points. The indicator for the current economic situation in the Eurozone has decreased by 13.0 points and now stands at minus 73.2 points.
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