“Concerns over a US-led global trade conflict have made the experts more cautious in their prognoses. The strong euro is also hampering the economic outlook for Germany, a nation reliant on exports. Combined with the experts’ continued positive assessment of the current situation, however, the outlook is still largely positive,” comments ZEW President Professor Achim Wambach.
The assessment of the current situation in Germany has also experienced a decline. The corresponding indicator decreased by 1.6 points to a level of 90.7 points. Concerns surrounding a possible trade war with the US are also having a negative impact on the outlook for the Eurozone, with the corresponding indicator dropping 15.9 points to a reading of 13.4 points. The experts’ assessment of the current economic situation in the Eurozone has also decreased, falling 1.5 points to a level of 56.2 points.
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