recession fears in germany as sentiment slides
Last Updated : GMT 00:27:23
Arab Today, arab today
Arab Today, arab today

Recession fears in Germany as sentiment slides

Arab Today, arab today

Arab Today, arab today Recession fears in Germany as sentiment slides

Berlin - AFP

Fears that the eurozone debt crisis could propel Germany into recession grew on Tuesday after investor sentiment in the bloc\'s biggest economy dropped unexpectedly. The widely watched index of investor confidence compiled by the ZEW economic institute fell to minus 15.7 points in November from minus 11.5 in October. Analysts polled by Dow Jones Newswires had expected an improvement to minus 10.0 points. \"Prevailing recessionary developments in the eurozone impact the German economy via foreign trade and a lack of confidence,\" said ZEW chief Wolfgang Franz in a statement. \"This is likely to be a burden for economic growth in Germany during the next six months,\" added Franz. A separate indicator measuring financial market players\' view of the current economic situation in Germany also fell to a reading of plus 5.4 points in November from plus 10.0 points in October. That was its lowest level since June 2010 when it was in negative territory. Jennifer McKeown, Senior European Economist at Capital Economics, said the index was \"consistent with economic stagnation in Germany\" but she expected Europe\'s powerhouse to contract. \"We think that the economy will slide back into recession next year as the peripheral debt crisis intensifies and business and consumer confidence weaken further,\" she wrote in a research note. Another economist, Annalisa Piazza from Newedge Strategy, said: \"We don\'t expect the German economy to collapse anytime soon but weakness is certainly likely to prevail\" in the second half of this year. Germany has generally fared better than the rest of the 17-nation eurozone during the three-year debt crisis, but analysts have warned that it cannot resist the turmoil indefinitely. While many eurozone countries slipped into recession, Germany notched up growth of 0.5 percent in the first quarter and 0.3 percent in the second quarter. Provisional data for third-quarter output will be released on Thursday. But the country\'s central bank warned last month that the economy would slow sharply towards the end of the year and could even contract. In October, the German government fractionally upgraded its growth forecast for the current year to 0.8 percent, but slashed its prognosis for next year to just 1.0 percent. The latest version of the Ifo business confidence survey showed German firms were pessimistic about the outlook for Europe\'s economic powerhouse, as the index slumped to a two-and-a-half year low. To compile its survey, the ZEW asks analysts and institutional investors about how they view the current situation in Germany as well as their expectations for the coming months. It is seen as a volatile indicator and generally less reliable as a guide to future economic trends than the business confidence survey compiled monthly by the Ifo institute.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

recession fears in germany as sentiment slides recession fears in germany as sentiment slides

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

recession fears in germany as sentiment slides recession fears in germany as sentiment slides

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday