Crash – the second
04 July 2022
Posted in
sentix Economic News
The scenery seems like something out of a bad film. The plot is simply too transparent. The catastrophe towards which the protagonists are heading is simply too obvious to generate any excitement. And it is hardly understandable that they also give active support to their fate. This is more or less what the collapse of the world economy seems like these days. The energy crisis, which is also homemade, is leading to considerable economic distortions. As we said last month, June did not really represent a stabilisation. We were only in the eye of the storm. Now the crash continues.
Headlines of the month
- As expected, June was only the calm before the storm. Nevertheless, the sentix economic index in the eurozone surprised with a sharp drop to -26.4 points. This is the lowest value since May 2020.
- In Germany, too, the data plummet, like in a bad film, for the second time since March 2022. The situation values fall by 11 points and we even have to report an all-time low of -34.8 points for expectations!
- Internationally, things don't look much better either. The USA recorded its fifth consecutive decline in the situation index. Here, too, a recession is becoming more and more likely. Latin America remains trapped in a permanent recession. Only the Asian region, led by China, is holding up comparatively well with moderate declines.
sentix Eco Report Euro area
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