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<Econ> Germany Apr ZEW Economic Sentiment Index Falls to -17.2, Far Below Expectations
Recommend 6 Positive 1 Negative 10 |
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The Centre for European Economic Research (ZEW) announced that Germany's ZEW Economic Sentiment Index for April plunged from the previous reading of -0.5 to -17.2, far below market expectations of a decline to -5.8. Germany's ZEW Current Situation Index for April fell from the previous reading of -62.9 to -73.7, also worse than market expectations of -70.5. ZEW President Professor Achim Wambach commented on the latest survey results, stating that economic expectations are slipping into negative territory. The impact of the Iran war on the German economy extends far beyond rising prices: companies are concerned about long-term energy supply shortages, which is dampening investment and weakening the effectiveness of government stimulus measures. (da/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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