Ukraine crisis causes economy to slump drastically
06 March 2022
Posted in
sentix Economic News
The economy in the Eurozone slumps dramatically due to the Ukraine crisis. The overall index falls to its lowest value since November 2020, with expectations eroding particularly sharply by -34.75 points. This has never happened before in the 20-year history of the sentix economic index! The picture in Germany is also comparable. The Eastern European region suffers particularly strongly and falls into a deep recession. The US economy is also being hit by the crisis shock, although not quite as hard. On the positive side, the economic situation there re-mains at 29.8 points and so far only indicates an economic slowdown. The Asian economic region is also in the wake of the global downward trend.
Headlines of the month
- The economy in the euro zone is slumping dramatically due to the war in Ukraine. The current economic situation dropped by a whopping 11.5 points to +7.8 points. Expectations erode by -34.75 points, the largest drop in the 20-year history of the sentix economic index.
- The picture in Germany is similar. Current conditions and expectations are plummeting. The overall index falls by 23.1 points to -5.2. The Eastern Europe region falls into a deep recession.
- The US economy is also hit by the crisis shock, albeit not quite as hard. The overall index fell by 10.2 points to 11.9. After all, we are measuring the third consecutive decline in expectations there as well. On a positive note, the U.S. sentiment index remains at 29.8 points and so far only points to an economic slowdown. The Asian economic region is also in the wake of the global downward trend.
sentix Eco Report Euro area
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