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- The ZEW Indicator of Economic Sentiment for Germany decreased sharply in March
The ZEW Indicator of Economic Sentiment for Germany decreased sharply in March
The index has fallen by 12.7 points compared to the previous month, now standing at 5.1 points (long-term average: 23.6 points). The percentage of experts anticipating a decline over the coming six months has risen by 7.2 per cent to 12.9 per cent.
"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.
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