Reports

sentix Economic Index: Ukraine crisis causes economy to slump drastically

• The economy in the euro zone is slumping dramatically due to the war in Ukraine. The current economic situation dropped by a whopping 11.5 points to +7.8 points. Expectations erode by -34.75 points, the largest drop in the 20-year history of the sentix economic index.
• The picture in Germany is similar. Current conditions and expectations are plummeting. The overall index falls by 23.1 points to -5.2. The Eastern Europe region falls into a deep recession.
• The US economy is also hit by the crisis shock, albeit not quite as hard. The overall index fell by 10.2 points to 11.9. After all, we are measuring the third consecutive decline in expectations there as well. On a positive note, the U.S. sentiment index remains at 29.8 points and so far only points to an economic slowdown. The Asian economic region is also in the wake of the global downward trend.