(ANSA) - BELGRADE, JUNE 18 - The ZEW index, which measures
the economic sentiments of companies in Germany, decreased
sharply in June 2019 and stands currently at minus 21.1 points,
the ZEW Economic Research institute said in a statement today.
"This corresponds to a drop of 19.0 points compared to the
previous month," ZEW noted, adding that the economic outlook for
Germany is currently "similarly negative as it was in the last
quarter of 2018."
The drop in the ZEW indicator "coincides with an increased
uncertainty regarding the future development of the global
economy and substantially worsened figures for the German
economy at the beginning of the second quarter," said ZEW
President Professor Achim Wambach.
Among the other reasons for the drop, ZEW listed the
intensification of the conflict between the USA and China, an
increased risk of a conflict in the Middle East, the higher
probability of a no-deal Brexit and the worse than expected
figures for German production, exports and retail. (ANSA).
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