Euro area turning into a global problem
03 June 2012
Posted in
sentix Economic News
The recession in Euroland is deepening. The sentix total index for the Euroland-economy has dropped for the third time in a row and has hit the lowest value since May 2009 at -28.9! Situational and expectational values are equally affected. The development in Euroland is affecting the previous growth motors more and more negatively. Germany, the USA and the global index all drop clearly. This should now challenge the central banks. Low inflation expectations open space for this.
Headlines of the month
- The recession in Euroland is deepening. The total index for Euroland drops for the third time in a row and has reached -28.9 point - the lowest value since May 2009!
- Situational and expectational values have dropped in unison; situational values have reached their lowest point since August 2009.
- Previous growth motors are starting to stutter. The Germany-index loses almost 7 points to 9.1 points, mainly due to the expectational component.
- For the USA, the economic situation is also becoming more difficult. The total index drops to a negative value for the first time since December 2011 (-0.1).
- Euroland is turning into a global problem. The Global Aggregate Index drops distinctly!
sentix Eco Report Global Aggregate
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