World economy in the grip of the virus
10 February 2020
Posted in
sentix Economic News
While at the beginning of the year there was still a clear upswing scenario for the global economy, the outbreak of the corona virus in China has changed the situation significantly. The drastic measures taken by the Chinese government for the Hubei region show the danger to the global economy if the outbreak cannot be limited re-gionally. So far, however, the effects on the economy have been relatively limited from the point of view of the investors surveyed by sentix, even if they are significant for China. The strength of the USA is helping the global economy.
Headlines of the month
- The outbreak of the corona virus has led to uncertainty among investors. However, its influence is still limited in economic terms. In the Euro zone, the economic index has fallen moderately to 5.2 points after three consecutive rises.
- Even in Germany, although it is heavily dependent on global trade and the Asian economy, investors are still rel-atively relaxed. The overall index declined by only 2.1 points.
- The virus is a considerable burden for China, the previous hope of the global economy. Here the effects are much stronger and the index for Asia ex Japan falls significantly by 11.3 points. However, investors are not yet expecting any further far-reaching effects, which is also due to the strength of the USA.
sentix Eco Report Euro area
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