(ANSA) - BELGRADE, MAY 16 - According to the most recent
survey results, the ZEW Indicator of Economic Sentiment for
Germany has dropped significantly.
The current sentiment indicator in Germany is 9.4 points
negative. However, the eurozone situation indicator has improved
slightly, rising by 2.7 points to a new reading of minus 27.5
points. Financial market analysts predict that the already
unfavorable economic situation will worsen over the next six
months, potentially pushing the German economy into a mild
recession.
The decline in sentiment can be attributed in part to
expectations of interest rate hikes by the European Central Bank
(ECB). Furthermore, the possibility of a US default in the
coming weeks has heightened uncertainty about global economic
prospects. (ANSA).
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ZEW Indicator of Economic Sentiment falls sharply
German economy faces potential recession