“The ZEW Indicator of Economic Sentiment remains at a low level. The experts are pessimistic about the current economic situation and assume that it will continue to deteriorate. The decline in inflation expectations, which cuts the previous month’s considerable increase by about half, gives some cause for hope. However, the prospect of stagflation over the next six months remains,” comments ZEW President Professor Achim Wambach on current expectations.
The financial market experts’ sentiment concerning the economic development of the eurozone decreased 4.3 points in April and currently stands at minus 43.0 points. The situation indicator fell to a new level of minus 28.5 points, dropping 6.6 points compared to the previous month.
Inflation expectations for the eurozone declined by 43.6 points in the current survey. The indicator currently stands at 25.9 points. 47.5 per cent of the experts expect the inflation rate to increase in the next six months.
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