The Brexit dampens economic expectations
03 July 2016
Posted in
sentix Economic News
The sentix economic survey is the first indicator of its kind to provide an indication whether UK’s decision to leave the EU affects the economy of other world regions. Thereby, it turns out that the spring recovery of the sentix economic expectations for the Eurozone has abruptly halted. The British voters’ verdict to depart the Eu-ropean Union should be a decisive reason for that. Besides Switzerland, the Eurozone is the biggest loser of the Brexit decision.
Headlines of the month
- The Brexit referendum in the UK hurts investors’ expectations for Eurozone. Expectations plummeted from June’s +10 points to -2 points in July which mark the lowest level since November 2014. At the same time, the headline index falls to +1.7 points.
- The US economy is not able to remain resilient. Economic expectations fall 4.5 points.
- Selected emerging markets display positive improvements, though. The process of stabilisation proceeds and Asia remains largely unaffected by the turmoil the UK caused.
sentix Eco Report Euro area
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