Eurozone recovery dealt MAJOR BLOW over fears for Germany’s economy – confidence wanes

Tuesday, June 13, 2017
By Paul Martin

CONFIDENCE in Germany’s economy has tumbled, dashing hopes for a growth boom over the coming year that could pull up the eurozone.

By LANA CLEMENTS
Express.co.uk
Tue, Jun 13, 2017

Investors expectations for financial success of the eurozone’s largest economy over the next six months has fallen in June, a trusted survey revealed today.

The shock fall showed confidence fell 1.1 points to 18.6, a far cry from its long-term average of 23.9, as measured by the ZEW monthly survey.

Forecasters had been expecting the index to rise last month as growth across the eurozone picked up at the start of the year.

But the survey result now suggests the optimism could have hit a stumbling block.

The ZEW survey measures 350 economists and analysts’ optimism against pessimism regarding Germany’s financial success in the next six months.

ZEW president Achim Wambach put a brave face on the figures.

He said: “Prospects for the German economy remain favourable, not least thanks to the positive development of economic growth in the European Union in the first quarter of this year.”

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter