Stockbrokers are pessimistic about the economy.
(Photo: dpa)
Frankfurt In view of the gas shortage, stock market professionals are more pessimistic about the German economy than they have been since the global financial crisis in 2008. The barometer for their assessment of the economy over the next six months fell by 6.6 points to minus 61.9 points in September, the third time in a row. This was announced by the Mannheim Center for European Economic Research (ZEW) on Tuesday for its monthly survey of 167 analysts and investors.
The negative value means that the majority of experts expect the economy to slow down. Economists surveyed by Reuters had expected a decline, but only to minus 60.0 points. The brokers also rated the current situation significantly worse: This barometer fell by 12.9 to minus 60.5 points.
“It doesn’t get any worse than that,” said LBBW economist Jens-Oliver Niklasch about the survey results.
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