Reports

Downturn gains speed

The sentix economic index for Euroland drops by a whopping 7.9 points to -13.7 points. This is the lowest level since October 2014. The measures announced by the central banks have not caused economic expectations to turn around. On the contrary, the current situation and expectations are literally tearing down, and the pace of deterioration is on the increase. In Germany, the overall index is even falling to its lowest level since October 2009. A recession in Germany is inevitable. The other regions of the world are also struggling with large discounts. Even for the USA, where the situation remains stable, expectations are falling dramatically. Trump has once again poured oil into the fire with its new China tariffs.