Yeah its all going great in the EU......12 Jul 2022 14:52
The ZEW Indicator of Economic Sentiment for Germany tumbled to -53.8 in July of 2022 from -28 in June, the lowest since December 2011 and well below market expectations of -38.3. The economic outlook deteriorated markedly due to concerns about the energy supply in Germany, the ECB’s announced interest rate hike and further pandemic-related restrictions in China. The current conditions subindex also deteriorated sharply to -45.8 from -27.6, missing forecasts of -34.5. source: Centre for European Economic Research (ZEW)