The ZEW indicator of economic sentiment suggests a further economic slowdown in Germany is expected. This is certainly bad news for the global economy. China, UK and Germany have missed the targets of high importance economic data this week and one may start to wonder when to pull out from equity markets in anticipation of the next recession.
The indicator showed a contraction of -3.6. This misses estimates of 0.2 and the prior period`s 6.9.
The ZEW press release can be viewed here.
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