“At the moment, we do not expect a rapid recovery of the slowing German economy. The economic situation in Germany has been weak, especially in the manufacturing sector. The figures for industrial production have once again seen a decrease, incoming orders are stagnant and foreign trade currently provides no fresh impulses. All of this is reflected in the fact that the assessment of the current situation has experienced a considerable decline. For the next six months, the financial market experts in our survey do not expect any improvement,” comments ZEW President Professor Achim Wambach.
The financial market experts’ assessment concerning the economic development of the Eurozone rose by 4.3 points, leaving the corresponding indicator at a level of minus 16.6 points. By contrast, the assessment of the current economic situation in the Eurozone saw a further significant decrease in February, falling by 8.3 points to a current level of minus 3.0 points compared to the previous month.
The expectations for the short-term interest rates in the Eurozone also recorded a strong decrease. The corresponding indicator dropped by 5.3 points to a level of 6.8 points.