Economic Buzz: German ZEW Economic Sentiment Sees Worst Drop On Record

15 Mar 2022 , 04:08 PM

German ZEW economic sentiment plummeted to -39.3 in March from 54.3 in February and the lowest since the beginning of the COVID-19 pandemic in March 2020. This was the biggest drop in expectations since the survey began in December 1991, as a recession becomes more likely due to Russias invasion of Ukraine, the ZEW economic research institute said. Meanwhile, the Current Conditions sub-index slumped to -21.4 in March as against -8.1 recorded in the previous month.

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