Business News Asia
The Center for European Economic Research’s (ZEW) index of German economic sentiment fell to -41.0 points in April from -39.3 points in March.
Analysts assumed -48.0, a value far below the figures released. The economy continues to face difficult times as the general situation is swinging towards recession.
Akim Wambach, president of the ZEW Institute, said: “The Index of Economic Confidence remains low. This is because experts still have a negative view on the current economic climate. And the economy is expected to decline further. However Expectations of a decline in inflation have fueled hopes that the economy might be picking up.”