Germany: ZEW index fells sharply in August
Indicator at its lowest level since December 2011
13 August, 13:52"The ZEW Indicator of Economic Sentiment points to a significant deterioration in the outlook for the German economy," said ZEW President Achim Wambach. "The most recent escalation in the trade dispute between the US and China, the risk of competitive devaluations, and the increased likelihood of a no-deal Brexit place additional pressure on the already weak economic growth," Wambach added. "This will most likely put a further strain on the development of German exports and industrial production," Wambach anticipated. (ANSA).