Economic expectations in Germany fell again in April as experts appeared pessimistic about the current economic situation and assumed that it would continue to deteriorate, according to the ZEW economic research institute.
The economic expectations index fell to -41 points in April from 39.3 points in March, higher than the -50 points analysts had expected.
The drop in inflation expectations gives some reason for hope, as stated by the president of the institute, Achim Wambach.
“However, the prospect of stagnant inflation for the next six months remains,” he added.
Views on the current economic situation in Germany also deteriorated, with the index falling to -30.8 points in April from -21.4 points in March, ZEW said.
Economists expected the index to reach -33 points.
“This is the second time the index has fallen since the beginning of the war in Ukraine,” ZEW reported.
Expectations and estimates for the economic situation are currently similar to those at the beginning of the pandemic in March 2020, as is characteristically emphasized.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
